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Bldg 3 16841 N 31st Ave 4,644 SF Office Building Phoenix, AZ 85053 $2,244,000 ($483.20/SF) 6% Cap Rate
Executive Summary
Located in the Phoenix metro area, this medical office offers a strong investment opportunity with a long-term lease in place with HealthyU
Medicine. HealthyU is a well-established healthcare provider known for delivering high quality, patient focused care across a wide range of
services including primary care, specialty medicine, and wellness programs. Their consistent growth, strong reputation, and commitment to
community health make them a dependable tenant with long term stability.
This medical office building is leased under a triple net agreement, allowing investors to bene?t from predictable income and minimal
management responsibilities. With the tenant covering property taxes, insurance, and maintenance, this lease offers a passive and efficient
ownership structure. Combined with the strength of the Phoenix healthcare market and HealthyU’s expanding footprint, this asset presents a compelling opportunity for investors seeking reliable returns in a resilient and growing sector.
PBJ Feature: Fastest Growing Companies Under $20 Million - HealthyU Clinics
https://www.bizjournals.com/phoenix/news/2025/11/13/fastest-growing-companies-healthyu-clinics.html
Medicine. HealthyU is a well-established healthcare provider known for delivering high quality, patient focused care across a wide range of
services including primary care, specialty medicine, and wellness programs. Their consistent growth, strong reputation, and commitment to
community health make them a dependable tenant with long term stability.
This medical office building is leased under a triple net agreement, allowing investors to bene?t from predictable income and minimal
management responsibilities. With the tenant covering property taxes, insurance, and maintenance, this lease offers a passive and efficient
ownership structure. Combined with the strength of the Phoenix healthcare market and HealthyU’s expanding footprint, this asset presents a compelling opportunity for investors seeking reliable returns in a resilient and growing sector.
PBJ Feature: Fastest Growing Companies Under $20 Million - HealthyU Clinics
https://www.bizjournals.com/phoenix/news/2025/11/13/fastest-growing-companies-healthyu-clinics.html
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
4,644 SF
Building Class
B
Year Built
2005
Price
$2,244,000
Price Per SF
$483.20
Cap Rate
6%
NOI
$134,676
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,644 SF
Building FAR
1.07
Lot Size
0.10 AC
Zoning
C-O
Parking
18 Spaces (3.88 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $107,798 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$107,798
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Bldg 3 | 16841 N 31st Ave
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