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16421 N Tatum Blvd - Phase I and II 2 Office Properties Offered at $5,000,000 in Phoenix, AZ
Investment Highlights
- Two single-story buildings totaling approximately 23,089 SF on 1.85 acres.
- Direct frontage on N Tatum Boulevard with strong visibility and traffic exposure.
- Convenient access to SR-51 and Loop 101 and close proximity to major healthcare and retail drivers.
- Diversified tenant base across 16 suites, primarily serving office and medical-related users.
- Functional layouts, strong curb appeal, and on-site monument and building signage.
Executive Summary
Tatum Professional Offices is a two-building, single-story professional office complex totaling approximately 23,089 SF on 1.85 acres along N Tatum Boulevard in North Phoenix. The property is approximately 95% occupied and features a diversified mix of office, medical, dental, and financial service tenants across 16 suites. Built in phases in 1999 and 2001, the asset offers efficient floor plans, strong curb appeal, and a parking ratio of roughly 4.33 spaces per 1,000 SF, including select covered parking. Approximately 1,079 SF of existing vacancy provides a near-term value-add opportunity through lease-up, supporting potential NOI growth. The property benefits from strong visibility, direct Tatum Boulevard frontage, and proximity to major healthcare and employment drivers, with convenient access to SR-51 and Loop 101.
Property Facts
| Price | $5,000,000 | Number of Properties | 2 |
| Price / SF | $216.55 / SF | Individually For Sale | 0 |
| Cap Rate | 7.17% | Total Building Size | 23,089 SF |
| Sale Type | Investment | Total Land Area | 1.86 AC |
| Status | Active |
| Price | $5,000,000 |
| Price / SF | $216.55 / SF |
| Cap Rate | 7.17% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 23,089 SF |
| Total Land Area | 1.86 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Phase II
16421 N Tatum Blvd, Phoenix, AZ 85032 |
Office | 14,168 SF | 2001 | - |
|
Phase I
16421 N Tatum Blvd, Phoenix, AZ 85032 |
Office | 8,921 SF | 1999 | - |
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16421 N Tatum Blvd - Phase I and II
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