1501-1515 E Osborn Rd - Medical FOR SALE


Phoenix, AZ 85016- Encanto
$7,499,000 USD
480-289-4504
1501-1515 E Osborn Rd, Phoenix, AZ for Sale
$7,499,000 USD
Medical - FOR SALE
1/3
null | 7.57% Cap Rate

1501-1515 E Osborn Rd
Phoenix, AZ 85016
Encanto


HIGHLIGHTS

  • High-density residential and employment area
  • Rare Central Phoenix/Midtown site
  • Simplified Property Management

OVERVIEW

• Reliable income stream with stable cash flow from a long-term net lease with a single tenant • Anchored by Community Partners Integrated Healthcare (±23,000 SF | Lease through 2031) • Simplified property management • A variety of diverse professional services balance the remainder of the project including healthcare, consulting, real estate, photography • Gross Operating Income of $753,844 • Weighted Average Lease Term (WALT) of 5.33 Years • Rare Central Phoenix/Midtown site sitting on ±2.40 acres • Zoned R-5 (Multifamily Residential) allowing for future redevelopment potential • Minutes from Camelback Corridor, Central Avenue, I-10, and SR-51 • High-density residential and employment area

FOR SALE DETAILS

PRICE

$7,499,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

7.57%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,544 SF

ZONING

R-5

APN/PARCEL ID

118-11-036J

ASK ABOUT THIS PROPERTY

Jason ReddingtonLevRose Real EstateMore Info
480-289-4504

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Jason ReddingtonLevRose Real EstateMore Info
480-289-4504

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.