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Investment Highlights

  • Currently no apparent vacancies in the Paloma Kyrene Business Condominium Center

Executive Summary

Ste 1 is utilized as a Luminescence esthetic Medicine and Ste 2 is a medical suite build out which is vacant. Buyer must participate in an open ended 1031 Exchange.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
5,000 SF
Building Class
B
Year Built
2007
Price
$1,625,000
Price Per SF
$325
Percent Leased
46%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,000 SF
Building FAR
0.68
Lot Size
0.17 AC
Zoning
PAD, Chandler - PAD, Chandler - Planned Area Development
Parking
16 Spaces (3.2 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Property Manager on Site
  • Natural Light
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,700 SF
  • Office
  • Full Build-Out
  • Now

Prime location in South Chandler just South of the SWC of Chandler Boulevard and Kyrene Road • In the Paloma Kyrene Business Center, comprised of 14 buildings • Ste 1 is utilized as a Luminescence Aesthetic Medicine and Ste 2 is a medical suite build out • Both Leases are through 1/31/25 • Currently no apparent vacancies in the Paloma Kyrene Business Condominium Center

Space Size Space Use Condition Available
1st Floor 2,700 SF Office Full Build-Out Now

1st Floor

Size
2,700 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 2,700 SF
Space Use Office
Condition Full Build-Out
Available Now

Prime location in South Chandler just South of the SWC of Chandler Boulevard and Kyrene Road • In the Paloma Kyrene Business Center, comprised of 14 buildings • Ste 1 is utilized as a Luminescence Aesthetic Medicine and Ste 2 is a medical suite build out • Both Leases are through 1/31/25 • Currently no apparent vacancies in the Paloma Kyrene Business Condominium Center

Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 301-86-418
  • 301-86-416
  • 301-86-422
  • 301-86-427
  • 301-86-417
  • 301-86-424
  • 301-86-428
  • 301-86-429
  • 301-86-420
  • 301-86-426
  • 301-86-421
  • 301-86-423
  • 301-86-425
  • 301-86-415
  • 301-86-419
  • 301-86-414
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$94,277
  • Listing ID: 25504893

  • Date on Market: 4/19/2022

  • Last Updated:

  • Address: 40 S Kyrene Rd, Chandler, AZ 85226

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