2701 N 16th St - Medical CONDO FOR SALE


Phoenix, AZ 85006- Encanto
$575,000 USD
480-220-2674
2701 N 16th St, Phoenix, AZ for Sale
$575,000 USD
Medical CONDO - FOR SALE
1/37
null | 6.25% Cap Rate

2701 N 16th St
Phoenix, AZ 85006
Encanto


HIGHLIGHTS

  • Absolute NNN lease in place.
  • Zero Landlord Responsibilities.
  • Long term lease through January 2035.
  • 3% annual rent increases.
  • Strategically located in Central Phoenix.
  • Convenient access to major freeway systems.

OVERVIEW

SVN is pleased to present to the market this absolute NNN single tenant investment opportunity. The property is secured by Advanced Pain Management under a long term, absolute NNN lease through January 2035 with zero Landlord responsibilities and 3% annual rent increases. The offering provides investors the opportunity to acquire four Advanced Pain Management locations, individually or as a portfolio, each subject to the same lease terms. Advanced Pain Management is an established Arizona healthcare provider with more than 15 years of experience and approximately 8 locations throughout Greater Phoenix and Tucson. The practice provides a broad range of specialized treatments for acute and chronic pain. Its long operating history, multi-location platform, specialized service offering, and strong patient reputation have helped establish Advanced Pain Management as a recognized provider within the Arizona healthcare market. The combination of an established medical tenant, strategically located facilities, long-term contractual occupancy, and minimal landlord responsibilities creates an attractive investment opportunity for buyers seeking predictable income backed by an experienced Arizona healthcare operator.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$405 USD /SF

CAP RATE

6.25%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cambridge Court

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

44,592 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

C-2

APN/PARCEL ID

117-04-105,117-04-106,117-04-107,117-04-108,117-04-123

ASK ABOUT THIS PROPERTY

Justin HorwitzSVN | Desert Commercial AdvisorsMore Info
480-220-2674

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Justin HorwitzSVN | Desert Commercial AdvisorsMore Info
480-220-2674

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