5823 Eugie AveGlendale, AZ 85304

Property Details for 5823 Eugie Ave

Year built

2000

Construction

CONCRETE

Lot size

1.02 AC

Property size (Sq ft)

8,582 SF

Zone code

C-O

Property type

Healthcare properties

Property subtype

Medical offices

APN

200-75-014S

APU

20075014S

Description

This exceptional investment opportunity presents a single-story, 8,550-square-foot medical office building situated on a 1.02-acre lot in Glendale, Arizona. The Class B property, built in 2005, is ideally located in a C-2 zoned area, boasting convenient access to major transportation arteries, including Loop 101 and Interstate 17. Currently fully leased to two tenants under a triple-net (NNN) lease structure until April 30, 2028, providing a stable cash flow with a remaining lease term of approximately four years. The building features a comprehensive medical build-out, ample parking with 54 spaces, and prominent monument signage. Its strategic location adjacent to Banner Thunderbird Medical Center further enhances its desirability. The property's multi-tenant occupancy ensures a diversified revenue stream, and the absence of on-campus use restrictions adds to its investment appeal. This freestanding facility offers a compelling opportunity for owner-users seeking a well-established medical office space or investors looking for a stable, income-producing asset in a high-demand location. The property's parcel number (APN) is 200-75-014S.

• CAP approach

  CAP return

  Valuation

  6%

  $1,401,353

  6.5%

  $1,293,557

  7%

  $1,201,160

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,322,915

  Geo Method

  $1,322,915

• Alternative Use

  Use

  Valuation

  Residential

  $1,604,010

  Hospitality

  $1,469,265

  Educational

  $1,222,411

  Medical

  $1,264,452

  Retail

  $1,901,528

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.6084

Longitude

-112.184

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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