1300 12Th StPhoenix, AZ 85006

Property Details for 1300 12Th St

Year built

1983

Construction

STEEL FRAME

Lot size

3.81 AC

Property size (Sq ft)

175,530 SF

Zone code

C-2

Property type

Medical offices

Property subtype

Medical centers

APN

116-29-083

APU

11629083

Description

1300 N 12th St, Phoenix, AZ 85006 offers a premier medical office opportunity within the Banner University Medical Center campus. This recently revitalized, six-story building boasts 156,089 square feet of total space, with a significant 64,797 square feet currently vacant. The property offers flexible space options, accommodating tenants seeking spaces ranging from a minimum of 1,324 square feet to a maximum contiguous space of 22,627 square feet. Multiple tenancy is available, providing versatility for various healthcare practices. Ample parking is provided with a ratio of 4.18 spaces per 1,000 square feet. The building's recent $5 million investment reflects a commitment to providing a modern and high-quality environment for medical professionals. Its prime location within the Banner University Medical Center campus ensures high visibility and convenient access for patients and staff. This is an exceptional opportunity to establish or expand a medical practice in a thriving healthcare hub.

• CAP approach

  CAP return

  Valuation

  6%

  $38,784,448

  6.5%

  $35,801,028

  7%

  $33,243,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,057,950

  Geo Method

  $27,057,950

• Alternative Use

  Use

  Valuation

  Residential Income

  $44,393,276

  Hospitality / Lodging

  $40,664,000

  Institutional / Educational

  $33,831,972

  Healthcare / Senior Housing

  $34,995,504

  Retail / Commercial

  $52,627,512

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4631

Longitude

-112.057

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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