16601 N 40th St | Phoenix, AZ 85032
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- LoopNet Team
16601 N 40th St
Phoenix, AZ 85032
40th Street Medical Plaza · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Impressive 5.9 years of weighted average lease term for the existing tenants
- Valley Surgical Clinics will commence a new 10-year lease at closing
- The attractive, well-maintained property displays proof of pride of ownership through professional landscaping, attractive renovations in 2015
- Valley Surgical Clinics, one of the oldest and most respected surgical and trauma practice groups in Arizona, occupies 32.3% of the project
- Properties across the valley will enjoy ongoing rental growth due to supply shortages in preferred areas and new developments at higher costs
- Adjacent to Abrazo’s Scottsdale Hospital Campus, the Plaza gives patients and physicians immediate access to both a clinical and hospital setting
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
41,979 SF
Building Class
B
Year Built/Renovated
1986/2004
Percent Leased
76%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
20,852 SF
Slab To Slab
10’
Building FAR
0.33
Lot Size
2.90 AC
Zoning
C-O, Phoenix - CO, City of Phoenix
Parking
180 Spaces (4.82 Spaces per 1,000 SF Leased)
AMENITIES
- Courtyard
- Property Manager on Site
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $135,056 | Total Assessment | $471,014 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$135,056
Improvements Assessment
$0
Total Assessment
$471,014
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