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8618 N 35th Avenue - Royal Palm Professional Plaza - Royal Palm Professional Plaza, Phoenix, AZ

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8618 N 35th Avenue - Royal Palm Professional Plaza - Royal Palm Professional Plaza

Phoenix, AZ 85051-3800 - Northwest Phoenix Submarket


Property Type:Office Sub Type:Medical Status:Existing Year Built:1986
Stories:1 Typical Floor:10,378 SF Building Size:10,378 SF
For Sale Price:$950,000 Price/SF:$91.54
Cap Rate:8.65 %
Parking:Free Covered spaces are available; Ratio of 4.8/1,000 SF Amenities:Courtyard


Royal Palm Professional Plaza is a garden-style medical office building located in Black Canyon Corridor along 35th Ave, just south of Dunlap Rd, and in close proximity to four major hospitals: John C. Lincoln North Mountain, Thunderbird Samaritan Hospital, Phoenix Baptist Hospital, and John C. Lincoln Deer Valley. The property was constructed using red brick construction and a standing-seem steel roof. The building features an interior courtyard with wrought iron security gates, and is surrounded by mature oleanders, citrus trees and palms.

Sale Notes:
- 3 tenant medical building
- 100% occupied
- Cap rate: 8.2 %
- Year 1 (2018) NOI - $82,217.03
- Monument sign on 35th Ave
- Near Banner Thunderbird, and John C Lincoln North Mountain

Commercial Properties, Inc.
Craig R Trbovich
(480) 522-2799




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