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20325 N 51st Ave - Bldg H
3,339 SF Office/Medical Condo Unit Offered at $1,267,534 in Glendale, AZ 85308
Investment Highlights
- ST NNN Investment Opportunity
- Strong Tenant Operating Since 2007
- Well Located Offices Throughout the Phoenix and Tucson Markets
- Brand New 5 Year Lease w/ 3% Annual Increases
- Part of a 7 Property Portfolio Available Together or Separate
Executive Summary
SVN is pleased to present to the market this NNN investment opportunity located in Glendale, AZ. The property consists of a 3,339 SF office condo currently occupied by Advanced Pain Management. While the tenant has operated out of this location for many years, they recently executed a brand new lease commencing in August 2024 and continuing through July 2029 with three percent (3%) annual increases. The lease is a true NNN lease in which the tenant reimburses the Landlord for expenses and is responsible for all repairs including HVAC repairs and/or replacement. The common areas are managed by an association. This offering is part of a larger portfolio of seven properties for sale that can be purchased together or separate.
Property Facts
| Price | $1,267,534 | Building Class | B |
| Unit Size | 3,339 SF | Floors | 1 |
| No. Units | 1 | Typical Floor Size | 6,009 SF |
| Total Building Size | 6,009 SF | Year Built | 2006 |
| Property Type | Office (Condo) | Parking Ratio | 4.8/1,000 SF |
| Sale Type | Investment NNN |
| Price | $1,267,534 |
| Unit Size | 3,339 SF |
| No. Units | 1 |
| Total Building Size | 6,009 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment NNN |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 6,009 SF |
| Year Built | 2006 |
| Parking Ratio | 4.8/1,000 SF |
1 Unit Available
Unit 158/160
| Unit Size | 3,339 SF | Sale Type | Investment |
| Price | $1,267,534 | Cap Rate | 6.50% |
| Price Per SF | $379.61 | NOI | $82,389.71 |
| Condo Use | Office/Medical | APN/Parcel ID | 206-29-037, 206-29-038 |
| Unit Size | 3,339 SF |
| Price | $1,267,534 |
| Price Per SF | $379.61 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| NOI | $82,389.71 |
| APN/Parcel ID | 206-29-037, 206-29-038 |
Sale Notes
The subject property is located in Glendale, AZ, offering many nearby amenities and attractions. It is within proximity to Arrowhead Towne Center, a premier shopping destination, and the vibrant dining options within the area. With convenient access to the Loop 101 freeway, the property is well-positioned for easy commutes and visibility. The thriving commercial landscape and strategic location make this an appealing opportunity for medical office investors looking to capitalize on the dynamic energy of the Glendale area.
zoning
| Zoning Code | C-O/M-O, Phoenix |
| C-O/M-O, Phoenix |
Contacts
-
Justin Horwitz -
Richard Lewis -
Aaron Gutierrez -
Sean Alderman -
SVN | Desert Commercial Advisors
Presented by
20325 N 51st Ave - Bldg H
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