Listed by NAI Horizon - Phoenix
$11,962,500
Parkvale Medical Building
Details
APN 144-44-329
Property Type Office
Sub Type Medical Office
Square Footage 42,909
Cap Rate 7.70%
Occupancy 78.3%
Tenancy Multi
Lease Type Net
Broker Co-Op Yes
Class B
Year Built 1988
Year Renovated 2005
Buildings 1
Stories 2
Acreage 2.500
Zoning R-5
Parking Spaces 198 spaces
Parking Per SqFt 4.61
Investment Type Stabilized
8.26% CAP Rate Multi-Tenant MOB for Sale | Phoenix, AZ | Stabilized Investment with Upside Potential
Marketing description
Parkvale Medical Building is a 2-story suburban office building located adjacent to Valleywise Behavioral Health Center (Maryvale).
Parkvale Medical Building offers new ownership the benefits of existing cash flow stability
Significant upside through the lease-up of the remaining vacant suites
Existing leases are below market rental rates
Leased to a diverse mix of medical office users
Priced significantly below replacement cost
Investment highlights
Prime opportunity: Parkvale Medical Building is a 2-story suburban office building located adjacent to Valleywise Behavioral Health Center (Maryvale). Stabilized investment with a 4.64 WALT (Jan 2026) with vacancy for upside potential.
Listing Contacts
Listed by NAI Horizon - Phoenix
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Zoning
R-5 ResidentialMulti FamilyMultifamily Residence Restricted Commercial
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View all 73 uses Last updated Apr 13, 2026 For deeper zoning details, reports are available at Zoneomics
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