5310 Thunderbird RdGlendale, AZ 85306

Property Details for 5310 Thunderbird Rd

Year built

1984

Construction

STEEL FRAME

Lot size

4.26 AC

Property size (Sq ft)

65,550 SF

Zone code

R-4

Property type

Healthcare properties

Property subtype

Medical offices

APN

231-03-001P

APU

23103001P

Description

This exceptional three-story medical office building, Thunderbird Medical Plaza III, located at 5310 W Thunderbird Rd, Glendale, AZ 85306, presents a unique investment opportunity. Constructed in 1984 and renovated in 2006, this single building offers 7 available spaces ranging from 1,209 to 4,301 square feet, perfect for various medical practices. The building boasts a prestigious history, having been awarded the 1994 Medical Office Building of the Year by BOMA of Greater Phoenix. Its strategic location directly across from Thunderbird Samaritan Hospital provides unparalleled access to a large patient base and ensures high visibility. Convenient amenities include ample parking, accommodating both handicapped and general parking needs, with both covered and uncovered options available. The building is equipped with two public elevators and a dedicated private elevator for physicians and staff, ensuring efficient and comfortable access for all. This Maricopa County property offers a blend of established prestige and modern functionality, making it an ideal location for medical professionals seeking a thriving practice environment. The multiple tenancy structure provides flexibility for various sized practices.

• CAP approach

  CAP return

  Valuation

  6%

  $10,703,646

  6.5%

  $9,880,289

  7%

  $9,174,554

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,104,532

  Geo Method

  $10,104,532

• Alternative Use

  Use

  Valuation

  Residential

  $12,251,558

  Hospitality

  $11,222,362

  Educational

  $9,336,873

  Medical

  $9,657,982

  Retail

  $14,524,025

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.6114

Longitude

-112.175

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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