For Sale - 100% Occupied Medical Office Building

5040 North 15th Avenue Phoenix, AZ 85015

5040 North 15th Avenue, Phoenix, AZ, 85015
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5040 North 15th Avenue, Phoenix, AZ, 85015 5040 North 15th Avenue, Phoenix, AZ, 85015 5040 North 15th Avenue, Phoenix, AZ, 85015
FOR SALE
Property Type:
Medical/Healthcare
Amount:
$7,800,000
Cap Rate:
7.75%
Last Verified:
Jul 16, 2018

Lee & Associates has been retained as the exclusive listing advisor for the disposition of Camelback Medical Plaza, located in the heart of Phoenix, Arizona.  The property is 100% occupied by seven (7) healthcare professionals, including the Department of Veterans Affairs who occupies 62% of the property, under a 10 year lease (5 years firm) that commenced in early 2017.  Ownership has recently invested over $1M in property improvements.  The site is within 1/2 mile to two METRO light rail stations.  Offered for sale at $7,800,000 representing a 7.65% cap rate.  For any questions please email Marcus Muirhead at mmuirhead@leearizona.com, or call 602-474-9589.  Thank you,


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