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Bldg 3 16841 N 31st Ave 4,644 SF Office Building Phoenix, AZ 85053 $3,132,445 CAD ($674.51 CAD/SF) 6% Cap Rate

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EXECUTIVE SUMMARY

Located in the Phoenix metro area, this medical office offers a strong investment opportunity with a long-term lease in place with HealthyU
Medicine. HealthyU is a well-established healthcare provider known for delivering high quality, patient focused care across a wide range of
services including primary care, specialty medicine, and wellness programs. Their consistent growth, strong reputation, and commitment to
community health make them a dependable tenant with long term stability.
This medical office building is leased under a triple net agreement, allowing investors to bene?t from predictable income and minimal
management responsibilities. With the tenant covering property taxes, insurance, and maintenance, this lease offers a passive and efficient
ownership structure. Combined with the strength of the Phoenix healthcare market and HealthyU’s expanding footprint, this asset presents a compelling opportunity for investors seeking reliable returns in a resilient and growing sector.

PBJ Feature: Fastest Growing Companies Under $20 Million - HealthyU Clinics
https://www.bizjournals.com/phoenix/news/2025/11/13/fastest-growing-companies-healthyu-clinics.html

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Building Size
4,644 SF
Building Class
B
Year Built
2005
Price
$3,132,445 CAD
Price Per SF
$674.51 CAD
Cap Rate
6%
NOI
$187,997 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,644 SF
Building FAR
1.07
Lot Size
0.10 AC
Zoning
C-O
Parking
18 Spaces (3.88 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 207-42-280
  • 207-42-283
  • 207-42-282
  • 207-42-281
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$152,103 CAD
  • Listing ID: 38055566

  • Date on Market: 2025-10-13

  • Last Updated:

  • Address: 16841 N 31st Ave, Phoenix, AZ 85053

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