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4530 E Muirwood Dr
Phoenix, AZ 85048
Bldg 4 · Office Property For Sale
Investment Highlights
- Rare owner-user condo opportunity in a supply-constrained medical corridor with a clear path to owner occupancy by late 2026.
- A $104,249 interior refurbishment—new flooring, full repaint, and targeted repairs—delivers a modern clinical environment.
- Situated adjacent to Dignity Health Arizona General Ahwatukee ER and near Chandler Regional, enabling strong referral synergies and patient access.
- NNN lease to Barrow Brain and Spine generates $15,525/month ($186,300/year), with tenant covering all operating expenses.
- Single-story layout provides ground-floor accessibility for mobility-limited patients, eliminating elevators and complex ADA infrastructure.
- The HOA maintains common areas, driveways, walkways, and roof; the landlord covers structural envelope and mechanicals—minimizing owner burden.
Executive Summary
4530 E Muirwood Drive presents a rare opportunity to acquire a fully leased medical office condominium in the highly sought-after Ahwatukee Foothills submarket of Phoenix. The property is currently occupied by Barrow Brain and Spine on a short-term NNN lease, providing immediate income while offering a clear path to owner occupancy by late 2026. The single-story, purpose-built medical layout supports efficient patient flow and ground-floor accessibility, eliminating reliance on elevators and enhancing patient convenience.
Recent interior refurbishments deliver a modern clinical environment, while the condominium structure reduces ongoing management responsibilities through an established owners association. The property benefits from direct access to I-10 and Loop 202 and is located near Dignity Health Arizona General Hospital Ahwatukee ER and Chandler Regional Medical Center, reinforcing its position within a proven healthcare corridor. Situated in one of Phoenix’s most affluent and supply-constrained communities, this offering combines stable income, long-term value, and owner-user flexibility.
Recent interior refurbishments deliver a modern clinical environment, while the condominium structure reduces ongoing management responsibilities through an established owners association. The property benefits from direct access to I-10 and Loop 202 and is located near Dignity Health Arizona General Hospital Ahwatukee ER and Chandler Regional Medical Center, reinforcing its position within a proven healthcare corridor. Situated in one of Phoenix’s most affluent and supply-constrained communities, this offering combines stable income, long-term value, and owner-user flexibility.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
8,100 SF
Building Class
B
Year Built
2001
Price
$2,850,000
Price Per SF
$351.85
Cap Rate
6.54%
NOI
$186,300
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,100 SF
Building FAR
0.31
Lot Size
0.60 AC
Zoning
C-O/CP-GCP, Phoenix - C-O, Commercial Office
Amenities
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $150,840 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$150,840
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