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Bldg 4 4530 E Muirwood Dr 8,100 SF Office Building Phoenix, AZ 85048 $3,974,325 CAD ($490.66 CAD/SF) 6.54% Cap Rate
Investment Highlights
- Rare owner-user condo opportunity in a supply-constrained medical corridor with a clear path to owner occupancy by late 2026.
- A $104,249 interior refurbishment—new flooring, full repaint, and targeted repairs—delivers a modern clinical environment.
- Situated adjacent to Dignity Health Arizona General Ahwatukee ER and near Chandler Regional, enabling strong referral synergies and patient access.
- NNN lease to Barrow Brain and Spine generates $15,525/month ($186,300/year), with tenant covering all operating expenses.
- Single-story layout provides ground-floor accessibility for mobility-limited patients, eliminating elevators and complex ADA infrastructure.
- The HOA maintains common areas, driveways, walkways, and roof; the landlord covers structural envelope and mechanicals—minimizing owner burden.
Executive Summary
4530 E Muirwood Drive presents a rare opportunity to acquire a fully leased medical office condominium in the highly sought-after Ahwatukee Foothills submarket of Phoenix. The property is currently occupied by Barrow Brain and Spine on a short-term NNN lease, providing immediate income while offering a clear path to owner occupancy by late 2026. The single-story, purpose-built medical layout supports efficient patient flow and ground-floor accessibility, eliminating reliance on elevators and enhancing patient convenience.
Recent interior refurbishments deliver a modern clinical environment, while the condominium structure reduces ongoing management responsibilities through an established owners association. The property benefits from direct access to I-10 and Loop 202 and is located near Dignity Health Arizona General Hospital Ahwatukee ER and Chandler Regional Medical Center, reinforcing its position within a proven healthcare corridor. Situated in one of Phoenix’s most affluent and supply-constrained communities, this offering combines stable income, long-term value, and owner-user flexibility.
Recent interior refurbishments deliver a modern clinical environment, while the condominium structure reduces ongoing management responsibilities through an established owners association. The property benefits from direct access to I-10 and Loop 202 and is located near Dignity Health Arizona General Hospital Ahwatukee ER and Chandler Regional Medical Center, reinforcing its position within a proven healthcare corridor. Situated in one of Phoenix’s most affluent and supply-constrained communities, this offering combines stable income, long-term value, and owner-user flexibility.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
8,100 SF
Building Class
B
Year Built
2001
Price
$3,974,325 CAD
Price Per SF
$490.66 CAD
Cap Rate
6.54%
NOI
$259,795 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,100 SF
Building FAR
0.31
Lot Size
0.60 AC
Zoning
C-O/CP-GCP, Phoenix - C-O, Commercial Office
Amenities
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $209,924 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$209,924 CAD
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Bldg 4 | 4530 E Muirwood Dr
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