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4140 N 108th Ave
Phoenix, AZ 85037

$410,058 USD

Office Condo For Sale  •  1,499 SF

Property Details

  • Property Type Office
  • Total Building Size 4,791 SF
  • Lot Size 0.11 AC
  • Building Class B
  • Year Built 2004
  • Tenancy Multiple
  • Zoning C-O, Phoenix
35 Transit Score
48 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 134 Medical Office 1,499 SF $410,058 USD
  • Unit Size: 1,499 SF
  • Condo Use: Medical Office
  • Price: $410,058 USD
  • Sale Type: Investment
  • Price/SF: $273.55 USD
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.

Description

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.

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

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 30 min - 21.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Surface
Included in Rent: Yes
Justin Horwitz 480-220-2674 SVN | Desert Commercial Advisors
Justin Horwitz 480-220-2674 SVN | Desert Commercial Advisors