1501 S Yale St - Medical CONDO FOR SALE


Flagstaff, AZ 86001
$1,600,000 USD
928-440-5450
1501 S Yale St, Flagstaff, AZ for Sale
$1,600,000 USD
Medical CONDO - FOR SALE
1/4
null | 7.13% Cap Rate

1501 S Yale St
Flagstaff, AZ 86001


HIGHLIGHTS

  • 1st Floor Condo's sporting 6,029 SF fully leased offering an NOI of $114,087
  • Two blocks from Northern Arizona University; surrounded by medical, professional, and retail uses
  • Combined, leased through April 30, 2031 (recent renewal included $18,000 TI allowance for flooring, paid by seller)
  • Desirable medical space build-out with strong community growth and increasing NAU population

OVERVIEW

This professional office condominium space is located in an upscale multi-floor medical/professional office building and surrounded by similar medical/professional use. Located just off Milton Road and two blocks from Northern Arizona University, the building is well situated in the heart of Flagstaff. The 6,029 square foot first floor is part of a larger 12,356 square foot medical office building in a medical and professional complex at the southeast quadrant of Yale Street and Plaza Way. Complex occupants include medical doctors, architects, ophthalmologists, medical testing and home healthcare. Suites 150 and 151 are combined into one space and will be occupied through April 30, 2031. The lease renewal included a TI allowance of $18,000 to replace the flooring, which will be paid in full by the Seller. Suite 152 is currently occupied as medical space through December 31, 2025.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

7.13%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

12,249 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,004 SF

ZONING

-

APN/PARCEL ID

103-20-074,103-20-075A,103-20-076A

ASK ABOUT THIS PROPERTY

Kevin CallKelly and Call CommercialMore Info
928-440-5450

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Kevin CallKelly and Call CommercialMore Info
928-440-5450

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