1300 12Th StPhoenix, AZ 85006

  • Healthcare properties
  • 175,530 SF
For Lease
$19/SF/YR View listing

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
1300 12Th St, Phoenix, Arizona

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$449,907
-
-
$8,973,283
-
$5,247,000
$49,136,535
$54,383,535

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