For Sale
$11,852,000

15800 Litchfield RdSurprise, AZ 85379

High-yield medical building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity: Marketplace at the City, a premier single-story medical office building, presents a compelling investment prospect. Located at 15800 N Litchfield Rd in Surprise, Arizona (zip code 85379, Maricopa County), this 26,200 square foot building sits on a 3.26-acre lot. Constructed in 2017, the property features a single, one-story building with three units and is currently 100% occupied, with an occupancy date extending to November 19, 2024. The property boasts a strong Net Operating Income (NOI) of $735,096, and an asking price of $11,852,000. The building is zoned PAD and features a weighted average lease term (WALT) of 7.1 years. A key tenant is Banner Health, a major Arizona health system, providing stability and strong rental income. This stabilized investment offers a significant return on investment with its prime location, high occupancy rate, and reputable tenant base. The property's APN is 501-18-545. This is a rare opportunity to acquire a high-performing medical office building in a thriving Arizona market.

Highlights

  • $11,852,000 asking price for a stabilized medical office investment.
  • 26,200 square feet, 100% occupied, with a Net Operating Income (NOI) of $735,096.
  • Located at 15800 N Litchfield Rd, Surprise, AZ 85379, on a 3.26-acre lot.
  • Single-story, 2017-built building with three units.
  • Anchored by Banner Health, a major Arizona healthcare system, with a 7.1-year weighted average lease term (WALT).

Property Details for 15800 Litchfield Rd

Property type
Office properties, Medical offices
Square Feet
26,200 SF
Year Built
2017
Buildings
1
Stories
1
Lot Size (sq. ft)
142,006 SF
Units
3

Location Insight

City
Surprise
County
Maricopa
State
Arizona
Latitude
33.6274951
Longitude
-112.3600402
15800 Litchfield Rd, Surprise, Arizona

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15800 Litchfield Rd
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