7304 E Deer Valley - Medical CONDO FOR SALE


Scottsdale, AZ 85255- North Scottsdale
$3,520,000 USD
602-513-5123
7304 E Deer Valley, Scottsdale, AZ for Sale
$3,520,000 USD
Medical CONDO - FOR SALE
1/32
null | 7.24% Cap Rate

7304 E Deer Valley
Scottsdale, AZ 85255
North Scottsdale


HIGHLIGHTS

  • 100% Leased Medical Office Investment. The ±7,190-square-foot property is fully occupied by SimonMed Imaging and Desert Spine and Sports Physicians.
  • Longstanding National Imaging Tenant. SimonMed has occupied its 3,048-square-foot suite since February 2007.
  • Contractual Annual Rent Growth. Both leases provide 3% annual base rent increases.
  • Proximity to HonorHealth Medical Campus. The property is located one block north of HonorHealth Scottsdale Thompson Peak Medical Center.
  • Affluent North Scottsdale Demographics. The surrounding 85255 area has an estimated median household income of $140,616 and median age of 51.5 years.
  • Frontage, Access and Parking. The property offers Deer Valley Road frontage and proximity to Loop 101, complemented by a parking rate ion 5/1000 SF.

OVERVIEW

Kidder Mathews is pleased to present the opportunity to acquire 7304 E Deer Valley Road, a 7,190-square-foot, 100% leased medical office investment in North Scottsdale's Deer Valley healthcare corridor. Built in 2006, the property is leased to SimonMed Imaging, in a purpose-built imaging suite since 2007, and Desert Spine and Sports Physicians (Desert Spine), on a new five-year lease from August 2025. Offered at $3.52 million (±$490 per square foot), the property carries roughly $251,850 in annualized base rent, rising to $254,999 on October 1, 2026, with contractual 3% annual increases. Positioned one block north of HonorHealth Scottsdale Thompson Peak Medical Center with Loop 101 access, it offers a defined 2029–2030 rollover opportunity in one of Greater Phoenix's most affluent trade areas.

FOR SALE DETAILS

PRICE

$3,520,000 USD

PRICE/SF

$490 USD /SF

CAP RATE

7.24%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg E

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

7,190 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C-O, Scottsdale

APN/PARCEL ID

212-03-451

ASK ABOUT THIS PROPERTY

Michael DupuyKidder MathewsMore Info
602-513-5123

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Michael DupuyKidder MathewsMore Info
602-513-5123

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