This exceptional investment opportunity presents a single-tenant, 6,516-square-foot medical office building situated on a 0.68-acre lot in Glendale, Arizona. The property, built in 2001 and boasting a Class B rating, is currently 100% occupied by HonorHealth Cancer Center Glendale under a lease expiring July 31, 2025. The lease, initiated January 1, 2002, features rent bumps and provides a substantial income stream until lease expiration. The building offers ample parking (6.6 spaces per 1,000 sq ft) and is strategically located at 5750 W Thunderbird Road, Building C, 85306, across from Banner Thunderbird Medical Center. The asking price is $2,950,000, representing a compelling $452.73 per square foot and a 5.93% capitalization rate based on a projected 2024 Net Operating Income (NOI) of $175,000. The interior features a spacious waiting room (approximately 42 chairs), eight exam rooms (including one procedure room), four restrooms, four medical assistant stations, a clean room, a lab, a triage room, a large (approximately 885 sq ft) infusion room, a biohazard closet, six private offices with windows, a large break room with windows, a staff entrance/exit, an IT room, a storage room, and a medication closet. The space could potentially be subdivided. The property's Maricopa County Parcel Number is 200-74-710b. This presents a strong value-add opportunity for an owner/user or investor seeking a prime medical office location in a thriving healthcare market.
Highlights
Strong projected NOI of approximately $175,000 in 2024, inclusive of property management fees.
Current income stream secured through July 2025 with HonorHealth Cancer Center Glendale as tenant.
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Ryan Reynolds
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5750 Thunderbird Rd, Glendale, Arizona, 85306
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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5750 Thunderbird Rd
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