Listed by Cushman & Wakefield - Phoenix, Arizona, Cushman & Wakefield - San Diego, California
Unpriced
6036 North 19th Avenue
Details
Property Type Office
Sub Type Medical Office
Square Footage 76,288
Occupancy 37%
Tenancy Multi
Class C
Year Built 1973
Year Renovated 2006
Buildings 1
Acreage 0.510
Investment Type Value Add
Campus Adjacent MOB in Phoenix, AZ | 76,288 SF
Investment highlights
On‑Campus Office Location
- Located directly on the Abrazo Central Campus, a 206‑bed acute‑care hospital serving north‑central
- Phoenix since 1963 Only third‑party‑owned MOB on the campus, providing a rare opportunity to control on‑campus outpatient medical office space
- Strong adjacency to emergency services, surgical services, and physician referral sources
Significant Value‑Add Lease‑Up Opportunity
- 37% current occupancy provides meaningful upside through leasing and stabilization
- Over 48,000 SF of vacant space available for re‑tenanting with medical and healthcare users
- Proforma 5-year NOI growth of 1,303%
Diversified, Healthcare‑Focused Tenant Base
- Entirely medical tenancy, including primary care, specialty medicine, interventional services, rehabilitation, dental, and surgical practices
- In‑place tenants provide non‑elective, needs‑based healthcare services, supporting durable patient demand
- No exposure to traditional office or retail tenancy
Long‑Term Ground Lease with Institutional Counterparty
- Approximately 50 years of remaining ground lease term, providing long‑term control
- Ground lessor is Abrazo Health / Tenet Healthcare, a nationally recognized healthcare system
- Ground lease structure aligns long‑term interests with the adjacent hospital operator
Listing Contacts
Listed by Cushman & Wakefield - Phoenix, Arizona, Cushman & Wakefield - San Diego, California
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Zoning
C-2 CommercialSpecial CommercialIntermediate Commercial
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