1300 12Th StPhoenix, AZ 85006
- Healthcare properties
- 175,530 SF
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
- Healthcare properties
- Property subtype
- Medical offices
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
- $44,393,276
- Hospitality
- $40,664,000
- Educational
- $33,831,972
- Medical
- $34,995,504
- Retail
- $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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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