5601 Eugie AveGlendale, AZ 85304

Property Details for 5601 Eugie Ave

Year built

1995

Construction

STEEL FRAME

Lot size

10.24 AC

Property size (Sq ft)

60,000 SF

Zone code

C-O

Property type

Medical offices

Property subtype

Medical centers

APN

200-75-014T

APU

20075014T

Description

This Glendale, Arizona medical office complex, Thunderbird Paseo Medical Plaza, offers 96,569 square feet of Class B space in two, two-story buildings. Strategically located across from Banner Thunderbird Medical Center, a major 513-bed acute care hospital with a Level 1 trauma center, birthing unit, and MD Anderson Cancer Center, this property benefits from high visibility and proximity to a significant patient population. The recently completed $290 million expansion of Banner Thunderbird, including a new 200-bed patient tower and emergency room, further enhances the property's desirability. The property features a strong tenant mix including Valley Radiologists, Desert West OBGYN, Banner Physical Therapy, Palo Verde Cancer Specialists, Sonora Quest Laboratories, and Arizona Asthma & Allergy. Individual suites range from 1,171 to 38,237 square feet, with a total of 13,933 square feet currently vacant. The property sits on 10.24 acres of land in the Deer Valley/Airport submarket, zoned C-O, and includes 76 parking spaces. Built in 1997, the property's address is 5601 W Eugie Ave, Glendale, AZ 85304, with convenient access to major West Valley freeways. The property's APN is 200-75-014T. The maximum contiguous space available is 8,620 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $9,797,388

  6.5%

  $9,043,743

  7%

  $8,397,761

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,249,000

  Geo Method

  $9,249,000

• Alternative Use

  Use

  Valuation

  Residential

  $11,214,241

  Hospitality

  $10,272,184

  Educational

  $8,546,337

  Medical

  $8,840,259

  Retail

  $13,294,302

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.6063

Longitude

-112.181

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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