202 E Earll Dr - Medical CONDO FOR SALE


Phoenix, AZ 85012- Encanto
$7,069,200 USD
480-323-6072
202 E Earll Dr, Phoenix, AZ for Sale
$7,069,200 USD
Medical CONDO - FOR SALE
1/63
null | 6% Cap Rate

202 E Earll Dr
Phoenix, AZ 85012
Encanto


OVERVIEW

Premier Medical Office Investment – Suite 360 - 6% CAP Investment Property Type: Medical Office Sale Price: $7,069,200 Suite Size: ±11,782 SF Zoning: R-5 Parcel: 118-34-643 Call now: 480-323-6072 to schedule your FREE, no-obligation tour and see it in person! This is a rare opportunity to acquire a high-quality medical office suite located in a highly accessible and amenity-rich area. Suite 360 offers ±11,782 SF of fully built-out medical space, currently occupied by a stable, well-established local multispecialty practice with 12 locations across Arizona. This 10-year NNN lease provides long-term, passive income with minimal landlord responsibilities. Investment Highlights: 6% CAP Rate | 10-Year NNN Lease Experienced Tenant: Large, multispecialty practice with strong local presence Licensed Outpatient Cath Labs with Recovery Areas No Comparable Medical Condo Inventory in the Downtown Core Zoned R-5 – Ideal for Medical Use Property Features: 32 Wet Exam Rooms Outdoor Balconies for staff and patient comfort Parking Garage + Surface Parking available Building & Monument Signage opportunities Easy Access to Light Rail, SR-51, Loop 101, and Loop 202 Surrounded by Desirable Retail Amenities Close Proximity to Multiple Major Hospitals This offering represents a turn-key, income-producing asset in a high-demand medical corridor, ideal for investors seeking long-term stability and solid market fundamentals. Investment Highlights Strong Income-Producing Asset: Offered at a 6% CAP rate with a 10-year NNN lease, providing stable, long-term passive income with minimal landlord responsibilities. Established Medical Tenant: Occupied by a well-established multispecialty medical group with 12 locations across Arizona, ensuring reliability and financial strength. Rare Medical Condo Offering: One of the only medical condominium investment opportunities in the downtown area near major hospitals—highly limited supply in this market. Fully Built & Licensed Cath Labs: Includes outpatient catheterization labs with recovery areas, ideal for specialized procedures and licensed medical operations. Premium Medical Buildout: Features 32 wet exam rooms, outdoor balconies, and high-quality finishes tailored to demanding clinical use. Excellent Access & Visibility: Conveniently located near the Light Rail, SR-51, Loop 101, and Loop 202, with building and monument signage available for strong visibility. Ample Parking Options: Access to both parking garage and surface parking, ensuring ease of access for patients and staff. Proximity to Key Healthcare Facilities: Located close to several major hospitals and surrounded by a variety of retail and service amenities, making it ideal for continued medical use and tenant retention.

FOR SALE DETAILS

PRICE

$7,069,200 USD

PRICE/SF

$595 USD /SF

CAP RATE

6%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Earll Professional Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

125,736 SF

STORIES

4

BUILDING CLASS

A

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

190

LAND DETAILS

LAND ACRES

2.82 AC

LAND SF

122,839 SF

ZONING

R-5, Phoenix

APN/PARCEL ID

118-34-273,118-34-280,118-34-282,118-34-293

ASK ABOUT THIS PROPERTY

Sarah FortinBellagio Executive Plaza GroupMore Info
480-323-6072

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Sarah FortinBellagio Executive Plaza GroupMore Info
480-323-6072

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