For Sale
$10,005,000

19810 7Th AvePhoenix, AZ 85027

Fully Leased Medical/Office Building, Deer Valley

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 45,189 square-foot, single-story office building in Phoenix, Arizona's desirable Deer Valley submarket. The property, built in 2001, sits on a 3.87-acre lot and boasts 230 parking spaces. Currently 100% occupied by two high-quality tenants, including a subsidiary of Blue Cross Blue Shield and L3 Communications (a tenant for approximately 21 years), this net-lease asset offers a compelling 7.35% cap rate and an asking price of $10,005,000. The building features modern office space with excellent freeway access and high visibility. Its location benefits from robust economic activity in the area, including significant recent investments and the proximity to a major new semiconductor manufacturing campus, promising continued growth and strong long-term value appreciation. The property's single-story design and size (between 30,000 and 50,000 square feet) align with current market trends showing lower vacancy rates compared to multi-story buildings in the Metro Phoenix area. The zoning is IND-PK. This is a rare opportunity to acquire a well-located, fully leased, and high-performing asset in a thriving market. The property's strong tenant base, coupled with its strategic location and favorable market conditions, makes it an ideal investment for those seeking stable income and long-term growth potential. The building's modern design and ample parking further enhance its appeal to tenants and investors alike. This is a truly exceptional opportunity to acquire a premier commercial property in one of Phoenix's most dynamic submarkets.

Highlights

  • Exceptional boutique office investment opportunity in Deer Valley.
  • 45,189 SF single-story office building, fully leased to creditworthy tenants Prosano Health Solutions (Blue Cross Blue Shield subsidiary) and L3 Communications (21+ year tenant).
  • Post-COVID leases demonstrate strong market demand and right-sized occupancy.
  • 2001 construction, 3.87-acre lot, excellent freeway access, high visibility, ample parking.
  • Strong Deer Valley location with robust economic activity and recent high-value transactions, promising consistent returns and long-term appreciation.

Property Details for 19810 7Th Ave

Property type
Office properties, Medical offices
Square Feet
45,189 SF
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
168,577 SF

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.6660997
Longitude
-112.0839076
19810 7Th Ave, Phoenix, Arizona

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19810 7Th Ave
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