16841 N 31st Ave, Suite 131 presents a rare opportunity to acquire a fully stabilized, single-tenant office condo in the high-demand Deer Valley/Airport submarket of Phoenix. This 1,381 SF suite is 100% leased to Caring Presence Home Care, a respected Arizona-based healthcare provider with a 37-year operating history. The tenant operates under a 60-month Modified Gross lease, delivering secure, in-place cash flow from day one. With a projected 2026 NOI of $20,556.10 and a 6.00% CAP rate, this asset is ideally suited for passive investors or 1031 exchange buyers seeking recession-resistant income.
The property was remodeled in 2021 and features a highly functional layout including four private offices, a reception area, break room, restroom, and storage closet—ideal for professional or medical users. Located within Bell Canyon Offices, the site benefits from a strong parking ratio of 5.26/1,000 and signage visibility along N 31st Ave and W Juniper Ave.