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21321 E Ocotillo Rd - Bldg 3
2,736 SF Office/Medical Condo Unit Offered at $1,222,000 in Queen Creek, AZ 85142
Investment Highlights
- NNN Medical Investment Condo
- Immediate Proximity to Many Retail Locations/ Shopping Centers
- Single- Tenant Asset Currently Leased to Four Corners Compounding Pharmacy
Executive Summary
SVN Desert Commercial Advisors, as the sole representative of the Owner, is pleased to present for sale this Triple Net medical investment. This property is a single-tenant asset currently leased to a Four Corners Compounding Pharmacy. Personally guaranteed by the company's principal, who fully executed their lease in February of 2023. With three and a half years remaining on the lease, this location was built to spec for the compounding pharmacy and includes a large manufacturing area as well as a controlled clean room with advanced independent air filtration. The lease is an absolute NNN lease where the tenant is responsible for reimbursing the Owner for all associated expenses including taxes, insurance, and CAM costs.
Property Facts
| Price | $1,222,000 | Building Class | B |
| Unit Size | 2,736 SF | Floors | 1 |
| No. Units | 1 | Typical Floor Size | 5,448 SF |
| Total Building Size | 5,448 SF | Year Built | 2007 |
| Property Type | Office (Condo) | Lot Size | 8.32 AC |
| Sale Type | Investment | Parking Ratio | 5.3/1,000 SF |
| Price | $1,222,000 |
| Unit Size | 2,736 SF |
| No. Units | 1 |
| Total Building Size | 5,448 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 5,448 SF |
| Year Built | 2007 |
| Lot Size | 8.32 AC |
| Parking Ratio | 5.3/1,000 SF |
1 Unit Available
Unit 108
| Unit Size | 2,736 SF | Cap Rate | 6.00% |
| Price | $1,222,000 | NOI | $73,320 |
| Price Per SF | $446.64 | No. Parking Spaces | 2 |
| Condo Use | Office/Medical | APN/Parcel ID | 314-03-917 |
| Sale Type | Investment |
| Unit Size | 2,736 SF |
| Price | $1,222,000 |
| Price Per SF | $446.64 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| NOI | $73,320 |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 314-03-917 |
Sale Notes
Located at 21321 E Ocotillo Rd #108 Queen Creek, AZ 85142 south of the
Loop-202 off of Rittenhouse Rd & E Ocotillo Rd. This ±2,724 SF Queen
Creek Professional Village condo is easy to get to from anywhere in the
valley. Within the immediate proximity of the property lies the Queen
Creek Marketplace, anchored by Sprouts Farmers Market, Trader Joe's, In-
N-Out Burger, and many other desirable retail amenities. The subject
property is located in the heart of the quickly expanding southeast valley,
allowing for many new and prominent amenities and neighborhoods nearby. Within a 15-minute drive are the Phoenix-Mesa Gateway Airport, ASU's Polytechnic Campus, and two Dignity Health hospitals as well as the Elliot Road Technology Corridor, Eastmark Industrial, and the LG Battery Facility, a recently announced fabrication facility for LG Electronics of Korea which will bring thousands of new jobs to the Queen Creek marketplace.
zoning
| Zoning Code | C-1 |
| C-1 |
-
Justin Horwitz -
Richard Lewis -
Aaron Gutierrez -
Sean Alderman -
SVN | Desert Commercial Advisors
Presented by
21321 E Ocotillo Rd - Bldg 3
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