2701 16Th St Phoenix, AZ 85006

This exceptional 1,420 square foot medical/traditional office condo in Phoenix, Arizona, presents a compelling investment opportunity. Located at 2701 N 16th Street, Suite 111, this property boasts a strong 6.5% capitalization rate and a Net Operating Income (NOI) of $33,858. The asking price is $520,896, translating to $366.83 per square foot. Built in 1981, the property features a newly executed, triple-net (NNN) lease with Advanced Pain Management, commencing August 2024 and extending through July 2029. This lease includes a 3% annual rent increase and tenant responsibility for all repairs and expenses, including HVAC. The common areas are professionally managed by a homeowner's association. Situated in a vibrant Phoenix location, this property benefits from proximity to cultural attractions, major highways, and a diverse range of dining and entertainment options. This offering is part of a larger portfolio of seven properties, available for individual or portfolio purchase. The property's APN is 117-04-122. This is an ideal investment for those seeking a stable, high-return asset in a thriving urban environment.