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29207369
29207370

16421 N Tatum Blvd, Phoenix, AZ 85032 For Sale

KM
AZ SA663730000
Ross Brown Partners, Inc
PK
AZ SA665140000
Ross Brown Partners, Inc
Ross Brown Partners, Inc.
Listed by Ross Brown Partners, Inc, Ross Brown Partners, Inc.
$5,000,000
188 days on market
Updated 47 days ago

16421 N Tatum Blvd.

Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 23,089
Cap Rate 7.17%
NOI $358,257
Occupancy 89%
Tenancy Multi
Price per SqFt $217
Class B
Year Built 1999
Buildings 2
Acreage 1.850
Zoning P-1
Investment Type Net Lease

Two-building professional office complex totaling ±23,089 SF on ±1.85 acres

Marketing description

  • 2 Buildings

  • +/- 23,089 SF

    • Phase I: +/- 8,921 SF

    • Phase II: +/- 14,168 SF

  • 16 Suites

  • Use: Office, Medical

  • 1.85 AC

  • Long Term Tenants

  • Tatum Blvd. Frontage

Investment highlights

  • Two-building professional office complex totaling ±23,089 SF on ±1.85 acres

  • Office / Medical / Dental / Financial tenant mix

  • 16 individual suites offering strong diversification

  • Frontage on N Tatum Boulevard with exposure to over ±37,843 vehicles per day

  • Highly functional, single-story buildings with efficient layouts

  • Attractive neighborhood center atmosphere with strong curb appeal

  • Parking ratio of ±4.33 per 1,000 SF, including select covered parking stalls

  • Monument and building signage available

  • Long-term, in-place professional tenants

  • Steady area rents for office and medical office users

  • Located just south of Bell Road on N Tatum Boulevard

  • Immediate access to SR-51 and Loop 101 freeways

  • Proximity to Paradise Valley Hospital, Desert Ridge, Mayo Clinic Hospital, TPC Scottsdale, and major retail amenities

Listing Contacts

KM
AZ SA663730000
Ross Brown Partners, Inc
PK
AZ SA665140000
Ross Brown Partners, Inc
Ross Brown Partners, Inc.
Listed by Ross Brown Partners, Inc, Ross Brown Partners, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$358,257.00
$29,854.75/mo

Valuation Metrics

0
DSCR
7.17%
Cap Rate
7.17%
ROI

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