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2701 N 16th St
Phoenix, AZ 85006

$520,896 USD

Medical Condo For Sale  •  1,420 SF

Property Details

  • Property Type Medical
  • Total Building Size 12,021 SF
  • Lot Size 2.78 AC
  • Building Class B
  • Year Built 1981
  • Tenancy Multiple
  • Zoning C-1, Phoenix
46 Transit Score
77 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 111 Medical Office 1,420 SF $520,896 USD
  • Unit Size: 1,420 SF
  • Condo Use: Medical Office
  • Price: $520,896 USD
  • Sale Type: Investment
  • Price/SF: $366.83 USD
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.

Description 

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.

Highlights

ST NNN Investment Opportunity
Brand New 5 Year Lease w/ 3% Annual Increases
Strong Tenant Operating Since 2007
Part of a 7 Property Portfolio Available Together or Separate
Well Located Offices Throughout the Phoenix and Tucson Markets

Property Flyers

Amenities

  • Courtyard
  • Property Manager on Site

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 11 min - 5.7 mi
Phoenix-Mesa Gateway 43 min - 32.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Justin Horwitz 480-220-2674 SVN | Desert Commercial Advisors
Justin Horwitz 480-220-2674 SVN | Desert Commercial Advisors