Log In/Sign Up
Your email has been sent.
1501-1515 E Osborn Rd 32,689 SF 100% Leased Office Building Phoenix, AZ 85016 $7,150,000 ($218.73/SF) 8.21% Cap Rate
INVESTMENT HIGHLIGHTS
- High-density residential and employment area
- Simplified Property Management
- Rare Central Phoenix/Midtown site
EXECUTIVE SUMMARY
• Reliable income stream with stable cash flow from a long-term net lease with a single tenant
• Anchored by Community Partners Integrated Healthcare (±23,000 SF | Lease through 2031)
• Simplified property management
• A variety of diverse professional services balance the remainder of the project including healthcare, consulting, real estate, photography
• Gross Operating Income of $772,825
• Weighted Average Lease Term (WALT) of 5.33 Years
• Rare Central Phoenix/Midtown site sitting on ±2.40 acres
• Zoned R-5 (Multifamily Residential) allowing for future redevelopment potential
• Minutes from Camelback Corridor, Central Avenue, I-10, and SR-51
• High-density residential and employment area
• Anchored by Community Partners Integrated Healthcare (±23,000 SF | Lease through 2031)
• Simplified property management
• A variety of diverse professional services balance the remainder of the project including healthcare, consulting, real estate, photography
• Gross Operating Income of $772,825
• Weighted Average Lease Term (WALT) of 5.33 Years
• Rare Central Phoenix/Midtown site sitting on ±2.40 acres
• Zoned R-5 (Multifamily Residential) allowing for future redevelopment potential
• Minutes from Camelback Corridor, Central Avenue, I-10, and SR-51
• High-density residential and employment area
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$753,844
|
$23.06
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $753,844 |
| Annual Per SF | $23.06 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
32,689 SF
Building Class
B
Year Built
1990
Price
$7,150,000
Price Per SF
$218.73
Cap Rate
8.21%
NOI
$587,172
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
16,345 SF
Building FAR
0.31
Lot Size
2.40 AC
Zoning
R-5 - R-5
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Community Partners Integrated Healthcare
- Health Care and Social Assistance
- 23,000 SF
- -
- -
- Dynamic Living Counseling
- -
- 3,579 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Community Partners Integrated Healthcare | Health Care and Social Assistance | 23,000 SF | - | - | ||
| Dynamic Living Counseling | - | 3,579 SF | - | - |
1 1
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 118-11-036J | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $242,960 (2025) |
PROPERTY TAXES
Parcel Number
118-11-036J
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$242,960 (2025)
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1501-1515 E Osborn Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.