4700 N 51st Ave - Medical CONDO FOR SALE


Phoenix, AZ 85031- Maryvale
$1,008,000 USD
602-327-0064
4700 N 51st Ave, Phoenix, AZ for Sale
$1,008,000 USD
Medical CONDO - FOR SALE
1/33
null | 7% Cap Rate

4700 N 51st Ave
Phoenix, AZ 85031
Maryvale


HIGHLIGHTS

  • Single Tenant NNN Medical Investment Opportunity
  • Highly Attractive CAP Rate | All Cash Buyers or Groups Intending to Utilize Conventional Financing
  • Minimal Landlord Responsibilities
  • Tenant responsible for all Operating Expenses Associated With the Property
  • Well-established Tenant Operating in the Valley since 1962 With Multiple Locations
  • Below-market Rents | Potential Value-add Opportunity

OVERVIEW

SVN is pleased to present to the market this medical single tenant triple net investment opportunity. The property is 100% occupied by MVP Kids Care, an extremely well-established provider of pediatric medicine established in 1962. In addition to this location in Maryvale, MVP Kids Care also has offices established in Avondale and Laveen. MVP Kids Care entered into its current lease in August of 2021 for a term of 96 months scheduled to expire August 2029. The tenant is currently paying $70,592 in base rent in a lease that calls for 2.5% annual increases every September. The lease is a NNN lease in which the Tenant is fully responsible for its own utilities and expenses associated with the property, including reimbursing the Landlord for all operating expenses. The tenant has 2 options to renew the lease at 5 years each at then prevailing market rents.

FOR SALE DETAILS

PRICE

$1,008,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

7%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg 6

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

4,797 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R-5

APN/PARCEL ID

144-44-013

ASK ABOUT THIS PROPERTY

Richard LewisSVN | Desert Commercial AdvisorsMore Info
602-327-0064

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Richard LewisSVN | Desert Commercial AdvisorsMore Info
602-327-0064

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