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Bldg 7 2163 E Baseline Rd 5,024 SF 100% Leased Office Building Tempe, AZ 85283 $1,800,000 ($358.28/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN investment opportunity ideal for an investor wanting minimal management.
- Highly experienced operator of both a medical practice and a personal injury law firm offering a stabilized multi-tenant investment with one single po
- Sale leaseback opportunity at terms to be negotiated prior to opening escrow.
- The property is well located in Tempe immediately off of the 101 Freeway perfect for a long term investment in a highly established area.
EXECUTIVE SUMMARY
SVN is pleased to present to the market this absolute NNN sale leaseback opportunity. The building consists of two businesses, both operated by the same owner. Suite 101 is occupied by PrimaCare Internal Medicine, a well established medical practice that has been in operation since 2016. In the adjacent suite 105 is The Dr. Lawyer Law Group, a personal injury firm in operation since 2020. Dr. Zaheer Shah is the owner of both entities which are the result of his combined 35-year experience as both a medical doctor and lawyer. This sale is subject to the terms of a long term sale leaseback to be negotiated prior to opening escrow.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
5,024 SF
Building Class
B
Year Built
2005
Price
$1,800,000
Price Per SF
$358.28
Cap Rate
7%
NOI
$126,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,024 SF
Building FAR
0.07
Lot Size
1.59 AC
Zoning
R-O, Tempe - Residential Office
AMENITIES
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $71 | Total Assessment | $104,498 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$71
Improvements Assessment
$0
Total Assessment
$104,498
CONTACTS
-
Justin Horwitz -
Jillian Moyer -
Richard Lewis -
Sean Alderman -
SVN | Desert Commercial Advisors
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Bldg 7 | 2163 E Baseline Rd
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