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16515 S 40th St - Bldg 7 1,982 SF Office/Medical Condo Unit Offered at $820,000 in Phoenix, AZ 85048
INVESTMENT HIGHLIGHTS
- High Traffic Counts
- New 5 year lease just signed with medical office tenant
EXECUTIVE SUMMARY
Great Investment Opportunity in Fantastic Location • The property is located in the Ahwatukee Foothills area of Phoenix, AZ, known for its affluent and family-friendly neighborhoods, such as Equestrian Estates and Canyon Reserve. • South Mountain Park, one of the largest municipal parks in the U.S., is nearby, offering opportunities for outdoor recreation like hiking and biking. • The property is in close proximity to major retail centers, including the upscale shopping destination Ahwatukee Foothills Towne Center, which features a variety of shops, restaurants, and entertainment options. • The area boasts highly ranked schools, such as Kyrene de la Colina Elementary School and Desert Vista High School, making it appealing for families with children. • Access to major transportation arteries, such as the I-10 freeway, provides convenient connectivity to other parts of the Phoenix metropolitan area for businesses and residents alike.
PROPERTY FACTS
| Total Building Size | 5,101 SF | Typical Floor Size | 1,982 SF |
| Property Type | Office (Condo) | Year Built | 2004 |
| Property Subtype | Medical | Lot Size | 0.12 AC |
| Building Class | B | Parking Ratio | 0.2/1,000 SF |
| Floors | 1 | ||
| Zoning | PCD, Phoenix - Planned Community District | ||
| Total Building Size | 5,101 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 1,982 SF |
| Year Built | 2004 |
| Lot Size | 0.12 AC |
| Parking Ratio | 0.2/1,000 SF |
| Zoning | PCD, Phoenix - Planned Community District |
AMENITIES
- Signage
1 UNIT AVAILABLE
Unit 133
| Unit Size | 1,982 SF | Sale Type | Investment |
| Price | $820,000 | Cap Rate | 5.79% |
| Price Per SF | $413.72 | NOI | $47,500 |
| Condo Use | Office/Medical | APN/Parcel ID | 301-85-236 |
| Unit Size | 1,982 SF |
| Price | $820,000 |
| Price Per SF | $413.72 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 5.79% |
| NOI | $47,500 |
| APN/Parcel ID | 301-85-236 |
DESCRIPTION
Prime Medical Investment Opportunity - Ahwatukee, AZ
- Located in one of Ahwatukee’s most desirable professional
corridors, this office condo sits on a high-visibility hard corner
within a thriving business district. The professional plaza
experiences strong traffic counts and easy access for patients and
clients.
Upscale Medical/Chiropractic Office Build-Out.
Beautifully designed medical/chiropractic space featuring:
- Upscale interior finishes
- Multiple wet rooms
- High-speed data infrastructure
- Layout optimized for patient flow & operational efficiency
This turnkey medical environment enhances productivity and
attracts long-term professional tenants.
- New 5-Year Medical Office Lease
A newly signed 5-year lease with a medical/chiropractic tenant
provides immediate and stable cash flow.
NOI: $45,000/year, offering strong and predictable returns.
- High Growth Area with Strong Demand
Ahwatukee continues to attract medical and professional service
providers due to its expanding population and limited supply of
quality medical office space. This property is well-positioned for
long-term value appreciation.
Proven Income Stability
The condo has a consistent history of qualified professional
tenants and reliable income. Its location, build-out quality, and
tenant profile make it a secure and compelling investment in a
competitive market.
SALE NOTES
Prime Investment Opportunity
Presented by
16515 S 40th St - Bldg 7
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