This versatile 31,181 square foot healthcare facility in Midtown Phoenix is ideal for assisted living, memory care, or behavioral health use (inpatient or outpatient). Formerly used as transitional housing, the building offers 55 standard rooms plus 8 large rooms suitable for group occupancy or classrooms, 20 shared bathrooms, a commercial kitchen and dining area, interior and exterior recreation spaces, and a commercial laundry. The property will be vacant on July 1 and ready for tenant improvements - with up to $15.00 per square foot in TI allowance available based on tenant credit. The tenant moved into the property in May of 2012 and has had 2% annual rent increases. In September of 2023, the current landlord executed a 3-year extension with the tenant to give a future owner flexibility in negotiating their own lease terms, by changing the use of the property or allowing an owner/operator to buy the facility. The 3-year lease extension has 5% increases in September of 2024 and 2025. This 74 bed facility is the model template facility for all future Southwest Key facilities. This site has over $500,000 of tenant improvements (paid for by the tenant over the last decade) and all mechanical systems have either been replaced or repaired. The landlord is responsible for the roof and structure. The tenant is responsible for all other costs associated with the property. This property sits on 1.5 acres, improved with a 31,181 SF group home constructed in 1964 & 1984. The tenant has been in existence since 1987, is continuing to add additional locations throughout the United States, and is in a growth mode due to high demand. They maintain a high level of occupancy at or near 100%, with an average stay time of 30 to 60 days. While at these facilities, children received health and dental care, schooling, nutritious meals and counseling.