3805 Bell RdPhoenix, AZ 85032

Property Details for 3805 Bell Rd

Year built

2007

Construction

STEEL FRAME

Lot size

1.43 AC

Property size (Sq ft)

113,611 SF

Zone code

C-2

Property type

Healthcare properties

Property subtype

Medical offices

APN

214-33-153

APU

21433153

Description

This exceptional Class A, five-story medical office building, totaling 104,525 square feet, presents a unique investment opportunity. Constructed in 2007, the property boasts a desirable location on the Abrazo Scottsdale Hospital campus, offering unparalleled visibility and accessibility. Situated on a 1.43-acre lot (62,291 square feet) with a 1.73 FAR, the building features prominent monument signage on heavily trafficked E Bell Rd. Currently, there are multiple spaces available, ranging from 2,211 to 12,240 contiguous square feet, out of a total of 13,291 vacant square feet. The building offers 516 total parking spaces, including reserved spaces within an onsite garage. The property is zoned C-2 and its Maricopa County APN is 214-33-153. The building's amenities are complemented by its proximity to Arizona SR-51, ensuring excellent freeway visibility. Ownership is financially sound and offers attractive tenant improvement packages. Annual property taxes are $3.15 per square foot. This is an exceptional opportunity to secure space in a thriving medical submarket within Paradise Valley.

• CAP approach

  CAP return

  Valuation

  6%

  $33,308,700

  6.5%

  $30,746,492

  7%

  $28,550,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,628,370

  Geo Method

  $25,628,370

• Alternative Use

  Use

  Valuation

  Residential

  $38,125,652

  Hospitality

  $34,922,892

  Educational

  $29,055,436

  Medical

  $30,054,696

  Retail

  $45,197,344

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.64

Longitude

-112

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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