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4201 N 16th St
Phoenix, AZ 85016
Wellington Court · Office Property For Sale


INVESTMENT HIGHLIGHTS
- Instant access to the 51 freeway and close proximity to Camelback Corridor.
- Stable in-place tenancy with minimal near-term rollover.
- Surrounded by major employers and medical centers, including Banner University Medical Center, VA Veterans Hospital, and Phoenix Children’s Hospital.
- Just 5-7 minutes north of Downtown Phoenix.
- Existing lease structures generate dependable income while vacant space provides value-add potential through lease-up.
- Close proximity to premier retail and lifestyle destinations, including Uptown Plaza and Biltmore Fashion Park and Biltmore Corridor nearby.
EXECUTIVE SUMMARY
Opportunity for an owner-user or value-add investor to acquire a 27,846 SF Two-story building located on 1.17 acres. The property features instant access to the 51 freeway and close proximity to Camelback Corridor. Existing lease structures generate dependable income. The balanced mix of tenant industries reduces reliance on any single sector and limits downside risk while vacant space provides value-add potential through lease-up.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
27,846 SF
Building Class
B
Year Built/Renovated
1980/1988
Percent Leased
79%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,923 SF
Building FAR
0.55
Lot Size
1.17 AC
Zoning
C-2, Phoenix - C-2 commercial retail office
Parking
97 Spaces (3.48 Spaces per 1,000 SF Leased)
AMENITIES
- Courtyard
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $41,842 | Total Assessment | $222,016 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$41,842
Improvements Assessment
$0
Total Assessment
$222,016
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