1620 48Th St Phoenix, AZ 85008

This exceptional Class A medical office building, totaling 6,233 square feet, presents a unique investment opportunity in Phoenix, Arizona. Situated on a 27,443 square foot lot at 1620 N 48th St, 85008, this single-story building boasts 8 ensuite residential care rooms with potential for expansion to 10 rooms. Built in 2002 and renovated in 2019, the property features five private offices, two conference rooms, two nursing stations, a kitchen, walk-in pantry, laundry facilities, public restrooms, a foyer, and a large central great room with a dining area. The property includes 20 parking spaces, including covered options, and benefits from its location adjacent to the Old Crosscut Canal green belt. Currently operating at 100% occupancy under a NNN lease (expiring 09/30/2024), this sale-leaseback opportunity offers a strong return on investment. The lease is currently being written to an entity related to the owners