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7304 E Deer Valley
Scottsdale, AZ 85255 North Scottsdale

$3,520,000 USD

Medical Condo For Sale  •  7,190 SF

Property Details

  • Property Type Medical
  • Total Building Size 7,190 SF
  • Lot Size 0.17 AC
  • Building Class B
  • Year Built 2006
  • Tenancy Multiple
  • Zoning C-O, Scottsdale
0 Transit Score
40 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit Unit #1 Office 7,190 SF $3,520,000 USD
  • Unit Size: 7,190 SF
  • Condo Use: Office
  • Price: $3,520,000 USD
  • Sale Type: Investment
  • Price/SF: $489.57 USD
Sale Notes
Kidder Mathews is pleased to present the opportunity to acquire 7304 E Deer Valley Road, a 7,190-square-foot, 100% leased medical office investment in North Scottsdale's Deer Valley healthcare corridor. Built in 2006, the property is leased to SimonMed Imaging, in a purpose-built imaging suite since 2007, and Desert Spine and Sports Physicians (Desert Spine), on a new five-year lease from August 2025. Offered at $3.52 million (±$490 per square foot), the property carries roughly $251,850 in annualized base rent, rising to $254,999 on October 1, 2026, with contractual 3% annual increases. Positioned one block north of HonorHealth Scottsdale Thompson Peak Medical Center with Loop 101 access, it offers a defined 2029–2030 rollover opportunity in one of Greater Phoenix's most affluent trade areas.

Highlights

100% Leased Medical Office Investment. The ±7,190-square-foot property is fully occupied by SimonMed Imaging and Desert Spine and Sports Physicians.
Longstanding National Imaging Tenant. SimonMed has occupied its 3,048-square-foot suite since February 2007.
Contractual Annual Rent Growth. Both leases provide 3% annual base rent increases.
Proximity to HonorHealth Medical Campus. The property is located one block north of HonorHealth Scottsdale Thompson Peak Medical Center.
Affluent North Scottsdale Demographics. The surrounding 85255 area has an estimated median household income of $140,616 and median age of 51.5 years.
Frontage, Access and Parking. The property offers Deer Valley Road frontage and proximity to Loop 101, complemented by a parking rate ion 5/1000 SF.

Property Flyers

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 35 min - 25.9 mi
Phoenix-Mesa Gateway 57 min - 41.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Michael Dupuy 602-513-5123 Kidder Mathews
Michael Dupuy 602-513-5123 Kidder Mathews