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INVESTMENT HIGHLIGHTS
- Billboard included with purchase.
- 100% leased multi-tenant investment.
- Situated in the heart of Midtown Phoenix.
EXECUTIVE SUMMARY
Available for Sale is 3806 N 3rd Street and 222 E Clarendon Avenue, Phoenix, Arizona comprised of a medical/office building approximately 7,068 square feet, a warehouse building approximately 5,328 square feet in size on two parcels of land totaling approximately 28,524 square feet, along with a billboard. The property is well-located in the heart of Midtown Phoenix. This is an opportunity to own a rare office/warehouse property in Midtown Phoenix. The property is currently 100% leased to four tenants.
The property consists of two separate buildings on two separate parcels of land. The front building is a medical/office building that is leased to three tenants - a dentist, an acupuncturist, and a counseling office. The back building is leased to one warehouse tenant. All of the leases are short-term, with options to renew at market. The buildings sit on two parcels of land that are zoned C-2 and P-1, City of Phoenix. There is also a billboard on the property that is leased.
The property consists of two separate buildings on two separate parcels of land. The front building is a medical/office building that is leased to three tenants - a dentist, an acupuncturist, and a counseling office. The back building is leased to one warehouse tenant. All of the leases are short-term, with options to renew at market. The buildings sit on two parcels of land that are zoned C-2 and P-1, City of Phoenix. There is also a billboard on the property that is leased.
PROPERTY FACTS
| Price | $4,152,862 CAD | Number of Properties | 2 |
| Price / SF | $326.28 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 4.56% | Total Building Size | 12,728 SF |
| Sale Type | Investment | Total Land Area | 0.67 AC |
| Status | Active |
| Price | $4,152,862 CAD |
| Price / SF | $326.28 CAD / SF |
| Cap Rate | 4.56% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 12,728 SF |
| Total Land Area | 0.67 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 222 E Clarendon Ave, Phoenix, AZ 85012 | Industrial | 5,680 SF | 1970 | - |
| 3806 N 3rd St, Phoenix, AZ 85012 | Office | 7,048 SF | 1954 | - |
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3806 N 3rd St and 222 E Clarendon Ave
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