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4140 N 108th Ave - Bldg. D1
1,499 SF Office/Medical Condo Unit Offered at $410,058 in Phoenix, AZ 85037
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
Garden Lakes is located in Phoenix, AZ near Avondale. Positioned in the heart of the city, this location offers convenient access to the State Farm Stadium, home to major sporting events and concerts. Nearby, the Tanger Outlets provide an array of shopping and dining experiences, while the Gila River Arena hosts a variety of entertainment and live performances. With easy access to the I-10 freeway and close proximity to the Phoenix Goodyear Airport, this area offers a prime location for office building investors.
Property Facts
| Price | $410,058 | Building Class | B |
| Unit Size | 1,499 SF | Floors | 1 |
| No. Units | 1 | Typical Floor Size | 4,791 SF |
| Total Building Size | 4,791 SF | Year Built | 2004 |
| Property Type | Office (Condo) | Lot Size | 0.11 AC |
| Sale Type | Investment NNN | Parking Ratio | 4.19/1,000 SF |
| Price | $410,058 |
| Unit Size | 1,499 SF |
| No. Units | 1 |
| Total Building Size | 4,791 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment NNN |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 4,791 SF |
| Year Built | 2004 |
| Lot Size | 0.11 AC |
| Parking Ratio | 4.19/1,000 SF |
1 Unit Available
Unit 134
| Unit Size | 1,499 SF | Sale Type | Investment |
| Price | $410,058 | Cap Rate | 6.50% |
| Price Per SF | $273.55 | NOI | $26,653.77 |
| Condo Use | Office/Medical | APN/Parcel ID | 102-58-678 |
| Unit Size | 1,499 SF |
| Price | $410,058 |
| Price Per SF | $273.55 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| NOI | $26,653.77 |
| APN/Parcel ID | 102-58-678 |
Sale Notes
SVN is pleased to present to the market this NNN investment opportunity located in Phoenix, AZ. The property consists of a 1,499 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.
zoning
| Zoning Code | C-O, Phoenix |
| C-O, Phoenix |
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Justin Horwitz -
Richard Lewis -
Sean Alderman -
Aaron Gutierrez -
SVN | Desert Commercial Advisors
Presented by
4140 N 108th Ave - Bldg. D1
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