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4616 N 51st Ave
Phoenix, AZ 85031
Parkvale Medical Building · Office Property For Sale
Investment Highlights
- High visibility property
- About 8 miles from downtown Phoenix, giving easy access to the business district, entertainment venues, and dining options in the city center
- Proximity to Downtown Phoenix is an incentive for further commercial development in years to come
- Near shopping centers like Desert Sky Mall and Westgate Entertainment District, which offers shops, restaurants, and entertainment options
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
43,709 SF
Building Class
B
Year Built/Renovated
1980/2005
Price
$11,962,500
Price Per SF
$273.69
Cap Rate
8.26%
NOI
$988,103
Percent Leased
96%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,855 SF
Slab To Slab
11’
Building FAR
0.40
Lot Size
2.50 AC
Zoning
R-5 HR, Phoenix - City of Phoenix, R-5
Currently a medical office property.
Parking
198 Spaces (4.53 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
- Air Conditioning
- Balcony
Property Taxes
| Parcel Number | 144-44-329 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $396,799 |
Property Taxes
Parcel Number
144-44-329
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$396,799
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