16601 N 40th St - Medical FOR SALE
Phoenix, AZ 85032 |
16601 N 40th St
Phoenix, AZ 85032
HIGHLIGHTS
- Impressive 5.9 years of weighted average lease term for the existing tenants
- Valley Surgical Clinics, one of the oldest and most respected surgical and trauma practice groups in Arizona, occupies 32.3% of the project
- Valley Surgical Clinics will commence a new 10-year lease at closing
- Properties across the valley will enjoy ongoing rental growth due to supply shortages in preferred areas and new developments at higher costs
- The attractive, well-maintained property displays proof of pride of ownership through professional landscaping, attractive renovations in 2015
- Adjacent to Abrazo’s Scottsdale Hospital Campus, the Plaza gives patients and physicians immediate access to both a clinical and hospital setting
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
40th Street Medical Plaza
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
41979
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
180
LAND DETAILS
LAND ACRES
2.9 AC AC
LAND SF
126,324 SF
ZONING
-
APN/PARCEL ID
215-21-013,215-21-014
