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34225 N 27th Dr - Bldg 5B

3,650 SF Office/Medical Condo Unit Offered at $2,177,276 in Phoenix, AZ 85085

Investment Highlights

  • NNN Medical Investment Property- Single Tenant
  • NOI $139,890
  • Professionally Managed Building

Executive Summary

- NNN/ Medical Investment Sale with American Dental Companies (2 options to renew) -Personal Guarantee from Tenant -Surrounded by Professional Medical Tenants -$12 billion TMSC is located with 5 Miles, currently under construction. When completed will employ 1,600 people. -I-17 corridor is a financial service hub with over 12,500 employed by USAA, Discover, American Express, Cigna, Farmers Insurance, and Honor Health all within 10 miles of the site.

Property Facts

Price $2,177,276
Unit Size 3,650 SF
No. Units 1
Total Building Size 20,834 SF
Property Type Office (Condo)
Sale Type Investment
Building Class B
Floors 2
Typical Floor Size 10,417 SF
Year Built 2007
Lot Size 2.50 AC
Parking Ratio 5.13/1,000 SF

1 Unit Available

Unit 240/241

Unit Size 3,650 SF
Price $2,177,276
Price Per SF $596.51
Condo Use Office/Medical
Sale Type Investment
Cap Rate 6.43%
NOI $139,890
Description

Second level dental office, Carefree Dentistry - unit 240
Second level general office, BMWC Contractors -unit 241

Sale Notes

NNN medical office investment. Leased thru 2/2028  w/options to extend.

Major Tenant Information Click Here to Access

TENANT SF OCCUPIED LEASE END DATE
American Dental Companies 99,999 SF SF Jan 0000

Amenities

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Signage
  • Natural Light
  • Plug & Play
  • Secure Storage
  • Wi-Fi
  • Air Conditioning

zoning

Zoning Code C-O/M-O PCD, Phoenix (Commercial)
C-O/M-O PCD, Phoenix (Commercial)
  • Listing ID: 32243333

  • Date on Market: 6/25/2024

  • Last Updated:

  • Address: 34225 N 27th Dr, Phoenix, AZ 85085

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