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2701 N 16th St - Cambridge Court 1,420 SF Office/Medical Condo Unit Offered at $575,000 in Phoenix, AZ 85006
Investment Highlights
- Absolute NNN lease in place.
- Long term lease through January 2035.
- Strategically located in Central Phoenix.
- Zero Landlord Responsibilities.
- 3% annual rent increases.
- Convenient access to major freeway systems.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 117-04-122 |
| Cap Rate | 6.25% |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| APN/Parcel ID | 117-04-122 |
Description
A medical office condo unit of 1,420 SF located in Cambridge Court. The unit is occupied by Advanced Pain Management under an absolute NNN lease through January 2035 with 3% annual rent increases.
Sale Notes
SVN is pleased to present to the market this absolute NNN single tenant investment opportunity. The property is secured by Advanced Pain Management under a long term, absolute NNN lease through January 2035 with zero Landlord responsibilities and 3% annual rent increases. The offering provides investors the opportunity to acquire four Advanced Pain Management locations, individually or as a portfolio, each subject to the same lease terms.
Advanced Pain Management is an established Arizona healthcare provider with more than 15 years of experience and approximately 8 locations throughout Greater Phoenix and Tucson. The practice provides a broad range of specialized treatments for acute and chronic pain. Its long operating history, multi-location platform, specialized service offering, and strong patient reputation have helped establish Advanced Pain Management as a recognized provider within the Arizona healthcare market.
The combination of an established medical tenant, strategically located facilities, long-term contractual occupancy, and minimal landlord responsibilities creates an attractive investment opportunity for buyers seeking predictable income backed by an experienced Arizona healthcare operator.
Advanced Pain Management is an established Arizona healthcare provider with more than 15 years of experience and approximately 8 locations throughout Greater Phoenix and Tucson. The practice provides a broad range of specialized treatments for acute and chronic pain. Its long operating history, multi-location platform, specialized service offering, and strong patient reputation have helped establish Advanced Pain Management as a recognized provider within the Arizona healthcare market.
The combination of an established medical tenant, strategically located facilities, long-term contractual occupancy, and minimal landlord responsibilities creates an attractive investment opportunity for buyers seeking predictable income backed by an experienced Arizona healthcare operator.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 111 | 1,420 SF | Office/Medical | $575,000 ($404.93/SF) | $35,920.32 |
Unit 111
| Unit Size |
| 1,420 SF |
| Condo Use |
| Office/Medical |
| Price |
| $575,000 ($404.93/SF) |
| NOI |
| $35,920.32 |
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Unit 111
| Unit Size | 1,420 SF |
| Condo Use | Office/Medical |
| Price | $575,000 ($404.93/SF) |
| NOI | $35,920.32 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| APN/Parcel ID | 117-04-122 |
| Description | |
| A medical office condo unit of 1,420 SF located in Cambridge Court. The unit is occupied by Advanced Pain Management under an absolute NNN lease through January 2035 with 3% annual rent increases. | |
| Sale Notes | |
|
SVN is pleased to present to the market this absolute NNN single tenant investment opportunity. The property is secured by Advanced Pain Management under a long term, absolute NNN lease through January 2035 with zero Landlord responsibilities and 3% annual rent increases. The offering provides investors the opportunity to acquire four Advanced Pain Management locations, individually or as a portfolio, each subject to the same lease terms. Advanced Pain Management is an established Arizona healthcare provider with more than 15 years of experience and approximately 8 locations throughout Greater Phoenix and Tucson. The practice provides a broad range of specialized treatments for acute and chronic pain. Its long operating history, multi-location platform, specialized service offering, and strong patient reputation have helped establish Advanced Pain Management as a recognized provider within the Arizona healthcare market. The combination of an established medical tenant, strategically located facilities, long-term contractual occupancy, and minimal landlord responsibilities creates an attractive investment opportunity for buyers seeking predictable income backed by an experienced Arizona healthcare operator. |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 44,592 SF | Typical Floor Size | 8,105 SF |
| Property Type | Office (Condo) | Year Built | 1981 |
| Property Subtype | Medical | Lot Size | 2.20 AC |
| Building Class | B | Parking Ratio | 9.87/1,000 SF |
| Floors | 2 | ||
| Zoning | C-2 | ||
| Total Building Size | 44,592 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 8,105 SF |
| Year Built | 1981 |
| Lot Size | 2.20 AC |
| Parking Ratio | 9.87/1,000 SF |
| Zoning | C-2 |
Amenities
- Conferencing Facility
- Courtyard
- Fitness Center
- Reception
- Monument Signage
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Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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