4045 E Union Hills Dr - Office CONDO FOR SALE


Phoenix, AZ 85050- Paradise Valley North
$2,135,384 USD
480-217-9599
4045 E Union Hills Dr, Phoenix, AZ for Sale
$2,135,384 USD
Office CONDO - FOR SALE
1/13
null | 6.5% Cap Rate

4045 E Union Hills Dr
Phoenix, AZ 85050
Paradise Valley North


HIGHLIGHTS

  • Secure Long-Term Lease – Six-year sale leaseback with Phoenix Retina Associates ensures immediate, stable cash flow.
  • Tenant is a reputable ophthalmology and retinal care group with multiple locations across the Phoenix metro.
  • Low Relocation Risk – Significant investment in medical build-out and specialized equipment supports tenant retention.
  • Condo Ownership Advantage – Smaller asset size provides accessible price point while maintaining strong medical credit tenancy.
  • Healthcare assets with established specialty tenants are highly liquid and in demand by private investors and 1031 exchange buyers.

OVERVIEW

The opportunity at 4045 E Union Hills Dr offers investors a 5,552 SF medical office condominium secured by a six-year sale leaseback with Phoenix Retina Associates, a premier ophthalmology and retinal care provider in the Phoenix metro. With multiple offices across the Valley and a team of board-certified specialists, Phoenix Retina Associates is a trusted medical group delivering highly specialized care in areas such as macular degeneration, diabetic retinopathy, and retinal surgery. Their long-standing reputation, established referral network, and commitment to advanced technologies provide a stable operating foundation. Healthcare tenancies, particularly in specialty practices like ophthalmology, demonstrate strong resilience through economic cycles, as demand for vision care is both essential and growing with demographic trends. This lease structure provides investors with durable, predictable income supported by a financially sound and established medical tenant, making it a compelling, secure long-term investment.

FOR SALE DETAILS

PRICE

$2,135,384 USD

PRICE/SF

$385 USD /SF

CAP RATE

6.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg C

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

9,700 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,877 SF

ZONING

C-1, Phoenix

APN/PARCEL ID

215-15-193A

ASK ABOUT THIS PROPERTY

Joshua Landers33 Degrees CREMore Info
480-217-9599

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Joshua Landers33 Degrees CREMore Info
480-217-9599

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