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2701 N 16th St - Bldg 4
1,420 SF Office/Medical Condo Unit Offered at $520,896 in Phoenix, AZ 85006
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 Phoenix, AZ. The property consists of a 1,420 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 separately.
Property Facts
| Price | $520,896 | Building Class | B |
| Unit Size | 1,420 SF | Floors | 2 |
| No. Units | 1 | Typical Floor Size | 6,010 SF |
| Total Building Size | 12,021 SF | Year Built | 1981 |
| Property Type | Office (Condo) | Lot Size | 2.78 AC |
| Property Subtype | Medical | Parking Ratio | 4/1,000 SF |
| Sale Type | Investment NNN |
| Price | $520,896 |
| Unit Size | 1,420 SF |
| No. Units | 1 |
| Total Building Size | 12,021 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Sale Type | Investment NNN |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 6,010 SF |
| Year Built | 1981 |
| Lot Size | 2.78 AC |
| Parking Ratio | 4/1,000 SF |
1 Unit Available
Unit 111
| Unit Size | 1,420 SF | Sale Type | Investment |
| Price | $520,896 | Cap Rate | 6.50% |
| Price Per SF | $366.83 | NOI | $33,858.24 |
| Condo Use | Office/Medical | APN/Parcel ID | 117-04-122 |
| Unit Size | 1,420 SF |
| Price | $520,896 |
| Price Per SF | $366.83 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| NOI | $33,858.24 |
| APN/Parcel ID | 117-04-122 |
Sale Notes
Situated in the heart of Phoenix, the area surrounding Cambridge Court offers a mix of commercial and cultural attractions. A hub for businesses, the location provides easy access to major highways, making it ideal for office and office building investors. With nearby landmarks such as the Phoenix Art Museum, Heard Museum, and Arizona State University's Downtown Campus, there's no shortage of cultural experiences for tenants and employees to enjoy. Local dining options and entertainment venues are in close proximity, making this location a prime opportunity for investors seeking a dynamic and thriving commercial real estate environment in Phoenix.
Amenities
- Courtyard
- Property Manager on Site
zoning
| Zoning Code | C-1, Phoenix |
| C-1, Phoenix |
Contacts
-
Justin Horwitz -
Richard Lewis -
Sean Alderman -
Aaron Gutierrez -
SVN | Desert Commercial Advisors
Presented by
2701 N 16th St - Bldg 4
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