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5040 N 15th Ave
Phoenix, AZ 85015 Midtown Phoenix

Price Upon Request

Medical For Sale  •  46,425 SF

Property Details

  • Property Type Medical
  • Total Building Size 46,425 SF
  • Lot Size 2.93 AC
  • Building Class A
  • Year Built 1981
  • Tenancy Multiple
  • Zoning C-O, Phoenix
53 Transit Score
76 Walk Score

Highlights

100%-leased by a high-quality and diverse collection of healthcare providers with staggered lease expirations, rent escalations, and renewal options.
Transit-oriented location offers excellent accessibility proximate to the Black Canyon Freeway (I-17), one of the Valley’s two interstate corridors.
Building set apart by distinctive architectural style, highly functional design, light rail access, and major renovations.
Prime positioning in a dense commercial corridor near numerous area amenities and demand generators, within a Qualified Opportunity Zone.

Financial Summary (Actual)

Net Operating Income: $708,000 USD (2019)

Major Tenants

Tenant SF Occupied Lease End Date
Arizona Kidney Disease and Hypertension Center 2,000 SF
Department of Veterans Affairs 29,312 SF 12/30/2027
Spooner Physical Therapy 4,985 SF 4/25/2023
Sun Shine Pediatrics 3,750 SF
Westview Family Medicine 2,784 SF

Amenities

  • Bus Line
  • Commuter Rail
  • Concierge
  • Property Manager on Site
  • Security System
  • Kitchen
  • Central Heating
  • Natural Light
  • Partitioned Offices
  • Reception
  • Shower Facilities
  • Wi-Fi
  • Monument Signage
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 20 min - 10.3 mi
Phoenix-Mesa Gateway 53 min - 37.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 191
Type: Surface
Included in Rent: Yes