Urban Wellness 2024 N 7th St 6,165 SF 100% Leased Office Building Phoenix, AZ 85006 $1,700,000 ($275.75/SF) 7.58% Cap Rate
EXECUTIVE SUMMARY
Located at 379 E Monte Vista (tax records show different address) in Phoenix, this 6,252 SF, single-story office building—built in 1981 with durable masonry/reinforced concrete tilt-up construction—is fully leased to individual wellness practitioners. Situated on a 0.144-acre lot, this asset benefits from a prime commercial location in a C-T/C-O zoned area close to downtown. With a strong cap rate of 7.58% and a consistent tax assessment history that reflects ongoing value appreciation, this property presents a great opportunity for the holistic-minded entrepreneur looking for a stable, income-producing investment.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
6,165 SF
Building Class
B
Year Built
1981
Price
$1,700,000
Price Per SF
$275.75
Cap Rate
7.58%
NOI
$128,825
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,165 SF
Building FAR
0.17
Lot Size
0.84 AC
Zoning
C-T
Parking
14 Spaces (2.54 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $93,205 (2025) | |
| Land Assessment | $84 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
