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INVESTMENT HIGHLIGHTS
- Location: Medical office condo at the northwest corner of 43rd Ave & Thomas Rd
- Property Type: Part of a four-unit medical condo association, converted from a 28,557 sq. ft. single-tenant retail building.
- Space Layout: 46% built out for medical office, 13% retail (pharmacy), 40% in shell condition
EXECUTIVE SUMMARY
This offering is a medical office condo located at the northwest corner of 43rd Ave & Thomas Rd. The property is partially built out, with approximately 46% of the space designed for medical office use, 13% allocated to retail (pharmacy space), and the remaining 40% in shell condition, offering flexibility for customization. The condo is
part of a four-unit medical condo association, which was recently established following the conversion of a larger 28,557-square-foot single-tenant retail building. Please note that this sale may be subject to court approval.
part of a four-unit medical condo association, which was recently established following the conversion of a larger 28,557-square-foot single-tenant retail building. Please note that this sale may be subject to court approval.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
32,451 SF
Building Class
C
Year Built
1981
Price
$1,750,000
Price Per SF
$53.93
Percent Leased
71%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
3.00 AC
Zoning
PSC - Planned Shopping Center, PSC,PCD, Phoenix
Parking
184 Spaces (6.4 Spaces per 1,000 SF Leased)
Frontage
484’ on Thomas
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 107-43-115 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $21,119 |
PROPERTY TAXES
Parcel Number
107-43-115
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$21,119
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4338 W Thomas Rd
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