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
Property Type:
Cap Rate:
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, or call 602-474-9589.  Thank you,

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.