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Investment Highlights

  • For Sale or Lease
  • Situated in Ahwatukee Foothills with strong demographics and high household incomes
  • Surrounded by retail, dining, and lifestyle amenities for convenience
  • Prime location near I-10 and Loop 202 for superior regional access
  • Close to Sky Harbor International Airport and major employment centers
  • Ideal for office, medical, or specialty use with flexible zoning

Executive Summary

16515 S 40th Street offers an exceptional opportunity in one of Phoenix’s most dynamic and rapidly growing corridors. This property is strategically positioned near Interstate 10 and Loop 202, providing seamless connectivity to the entire metro area, Sky Harbor International Airport, and major employment hubs. Located in the Ahwatukee Foothills, the site benefits from a thriving residential base, strong demographics, and proximity to retail, dining, and corporate campuses. The property’s layout and visibility make it ideal for professional office, medical, or specialty use. Its location within a high-traffic area ensures excellent exposure, while nearby amenities such as major shopping centers, fitness facilities, and hospitality options enhance convenience for employees and clients alike. The surrounding community boasts strong household incomes and a highly educated population, creating a robust environment for business growth.

Property Facts

Total Building Size 8,084 SF
Property Type Office (Condo)
Property Subtype Medical
Building Class B
Floors 1
Typical Floor Size 6,011 SF
Year Built 2005
Lot Size 0.14 AC
Zoning C-O, Phoenix - Commercial

1 Unit Available

Unit 119

Unit Size 6,011 SF
Price $2,631,956 CAD
Price Per SF $437.86 CAD
Condo Use Office/Medical
Sale Type Investment or Owner User
Sale Notes

For Sale or Lease. Turnkey / Move-in ready professional office/medical space located in the Ahwatukee Foothills submarket. Premium quality improvements completed in 2008. Furniture & Equipment is negotiable. Convenient access off the South Mountain 202 Freeway and less than 1/2 mile from the exit ramp. Pricing $22.00 - $23.00 per SF depending on lease terms and tenant financials.

Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Major Tenant Information Click Here to Access

TENANT SF Occupied LEASE END DATE
Cummings Graduate Institute For Behavioral Health - Jan 0000
  • Listing ID: 39935221

  • Date on Market: 2026-03-27

  • Last Updated:

  • Address: 16515 S 40th St, Phoenix, AZ 85048

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