4530 E Muirwood Dr
±8,100 SF | Medical Office | Greater Phoenix, AZ
Marketing description
Kidder Mathews is pleased to present the opportunity to acquire a ±8,100 square foot medical office condominium at 4530 E. Muirwood Drive, Units 107–110, within the Foothills Medical & Professional Plaza in Ahwatukee Foothills, Phoenix, Arizona. Currently 100% leased to Barrow Brain and Spine on a short-term NNN lease expiring November 30, 2026, the property offers immediate income and a clear path to owner occupancy in one of the Phoenix metro's most supply-constrained submarkets. With direct I-10 and Loop 202 access, proximity to Dignity Health Arizona General Hospital and Chandler Regional Medical Center, a single-story clinical layout, and recently completed refurbishments, this is a turnkey opportunity for a medical or professional owner-user.
Investment highlights
- The Property offers a rare owner-user condominium opportunity in a supply-constrained medical corridor, with a near-term lease expiration providing a clear path to owner occupancy by late 2026.
- The existing NNN lease to Barrow Brain and Spine generates $15,525 per month ($186,300 annually) in rental income through the transition period, with the tenant responsible for all operating expenses including maintenance, insurance, and property taxes.
- A recently completed $104,249 interior refurbishment, including new flooring, full repaint, and targeted repairs, delivers a modern clinical environment.
- The single-story layout is purpose-built for medical use, providing ground-floor accessibility critical for patients with mobility limitations and eliminating the need for elevators or complex ADA infrastructure.
- Direct adjacency to the Dignity Health Arizona General Hospital Ahwatukee ER and close proximity to Chandler Regional Medical Center provide strong referral synergies and patient accessibility within an established healthcare ecosystem.
- The condominium structure reduces the owner’s management burden: the Foothills Medical & Professional Plaza Owners Association maintains common areas, driveways, walkways, and roof, while the landlord retains responsibility for the structural envelope and building mechanical systems.
- The condo provides 8 exclusive covered parking spaces, a premium amenity in the Phoenix climate, supporting physician retention and patient convenience for high-traffic medical operations.
- Ahwatukee Foothills is ranked the #1 Best Place to Live in the Phoenix area, with a median household income of $122,833 and an aging demographic profile that supports sustained demand for specialized medical services.
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