3815 Bell RdPhoenix, AZ 85032

Property Details for 3815 Bell Rd

Year built

2006

Construction

STEEL FRAME

Lot size

0.89 AC

Property size (Sq ft)

127,252 SF

Zone code

C-2

Property type

Healthcare properties

Property subtype

Medical offices

APN

214-33-152B

APU

21433152B

Description

This exceptional Class A medical office building, Physicians Medical Plaza of Scottsdale, presents a unique investment opportunity in the thriving Phoenix market. Located at 3815 E Bell Rd, Phoenix, AZ 85032 (near 40th Street), this single, four-story building boasts a total of 122,063 square feet, currently offering 36,459 square feet of vacant space. Built in 2006, the property features a convenient onsite parking garage. The building is categorized as a multi-tenant property, with seven available spaces ranging from 1,354 to 12,149 square feet, ideal for a variety of medical practices. Its prime location in Maricopa County ensures high visibility and accessibility for patients and staff. The building's proximity to a short-term acute care hospital providing specialized healthcare services, including orthopedics, rehabilitation, diagnostic imaging, urology, and gynecology, further enhances its appeal. This hospital is an accredited Chest Pain Center and offers Da Vinci Robotic Surgery, attracting a large network of over 600 affiliated physicians and generating over $349 million in gross patient revenue. This presents a compelling opportunity to establish or expand a medical practice within a well-established and high-demand medical corridor. The property's strong fundamentals and strategic location make it an attractive investment for discerning buyers seeking a high-quality medical office asset in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $37,307,996

  6.5%

  $34,438,152

  7%

  $31,978,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,705,506

  Geo Method

  $28,705,506

• Alternative Use

  Use

  Valuation

  Residential

  $42,703,308

  Hospitality

  $39,116,000

  Educational

  $32,544,052

  Medical

  $33,663,292

  Retail

  $50,624,080

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6385

Longitude

-111.999

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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