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28369314

16515 S 40th Street, Phoenix, AZ 85048

DL
AZ, FLBO
JPAR Vantage
TP
AZ BR107734000
JPAR Vantage
Listed by JPAR Vantage
$820,000
200 days on market
Updated 74 days ago

Medical Office Condo for Sale in Prime Ahwatukee Location

Details
APN 301-85-236
Property Type Office
Sub Type Medical Office
Square Footage 2,000
Net Rentable (SqFt) 2,000
Units 1
Cap Rate 5.79%
NOI $47,500
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $410
Year Built 2004
Buildings 1
Stories 1

Office | 2,000 SqFt

Marketing description

Great Investment Opportunity in Fantastic Location

• The property is located in the Ahwatukee Foothills area of Phoenix, AZ, known for its affluent and family-friendly neighborhoods, such as Equestrian Estates and Canyon Reserve.

• South Mountain Park, one of the largest municipal parks in the U.S., is nearby, offering opportunities for outdoor recreation like hiking and biking.

• The property is in close proximity to major retail centers, including the upscale shopping destination Ahwatukee Foothills Towne Center, which features a variety of shops, restaurants, and entertainment options.

• The area boasts highly ranked schools, such as Kyrene de la Colina Elementary School and Desert Vista High School, making it appealing for families with children.

• Access to major transportation arteries, such as the I-10 freeway, provides convenient connectivity to other parts of the Phoenix metropolitan area for businesses and residents alike.

Investment highlights

Prime Medical Investment Opportunity - Ahwatukee, AZ

• Located in one of Ahwatukee’s most desirable professional corridors, this office condo sits on a high-visibility hard corner within a thriving business district. The professional plaza experiences strong traffic counts and easy access for patients and clients.

Upscale Medical/Chiropractic Office Build-Out.

Beautifully designed medical/chiropractic space featuring: • Upscale interior finishes • Multiple wet rooms • High-speed data infrastructure • Layout optimized for patient flow & operational efficiency This turnkey medical environment enhances productivity and attracts long-term professional tenants.

• New 5-Year Medical Office Lease A newly signed 5-year lease with a medical/chiropractic tenant provides immediate and stable cash flow. NOI: $47,500/year, offering strong and predictable returns.

• High Growth Area with Strong Demand Ahwatukee continues to attract medical and professional service providers due to its expanding population and limited supply of quality medical office space. This property is well-positioned for long-term value appreciation.

• Proven Income Stability The condo has a consistent history of qualified professional tenants and reliable income. Its location, build-out quality, and tenant profile make it a secure and compelling investment in a competitive market.

Listing Contacts

DL
AZ, FLBO
JPAR Vantage
TP
AZ BR107734000
JPAR Vantage
Listed by JPAR Vantage

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$47,500.00
$3,958.33/mo

Valuation Metrics

0
DSCR
5.79%
Cap Rate
5.79%
ROI

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