16841 N 31st Ave - Office CONDO FOR SALE


Phoenix, AZ 85053- Deer Valley
$342,602 USD
602-561-1339
16841 N 31st Ave, Phoenix, AZ for Sale
$342,602 USD
Office CONDO - FOR SALE
1/31
null | 6% Cap Rate

16841 N 31st Ave
Phoenix, AZ 85053
Deer Valley


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$342,602 USD

PRICE/SF

$248 USD /SF

CAP RATE

6%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building 4

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

4,954 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,481 SF

ZONING

C-O, Phoenix

APN/PARCEL ID

207-42-284,207-42-319,207-42-320,207-42-321

ASK ABOUT THIS PROPERTY

Matt ZaccardiCommercial Properties, Inc.More Info
602-561-1339

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

Matt ZaccardiCommercial Properties, Inc.More Info
602-561-1339

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