17100 E Shea Blvd, Fountain Hills, AZ 85268
Description
17100 E Shea Blvd, Fountain Hills, AZ 85268
Medical Office - Fountain Hills AZ
OFFERING SUMMARY
17100 E Shea Blvd, Fountain Hills, AZ 85268
- FireRock Office Center for Sale or Lease
- Asking Price: $2,500,000
- Investment Type: Owner/User
- Buildings: Building 1 and Building 2
- Floor System: Concrete slab on aggregate base coarse (ABC) fill
- Structure: Concrete block construction
- Roof: Flat built-up structure on plywood deck with partial tile
- Exterior Walls: Painted stucco with stone veneer
- Interior Walls: Gypsum wallboard over metal studs with batt insulation
- Ceiling: ±10’ High suspended metal ceiling grid system with 2’x2’ and 2’x4’ acoustic tile panels.
- Windows: Typical dual-pane, dark commercial bronze aluminum framed clear tempered glass.
- Doors: Store-front glass doors in aluminum frames and solid wood core interior doors.
- HVAC: Roof-mounted head pump/air conditioning units.
- Fire Suppression: Fully sprinklered
- Plumbing: Each building has common restrooms
- Electrical: 200 amp, 120/208 volt, 3 Phase, 4 wire supply
INCOME AND EXPENSES:
Owner/User project with existing rental income. Below market rates means potential upside!
- Income (rent plus parking fees) – $172,313
- Expenses – $74,485
- NOI – $98,828
- Load Factor – 1.9% Tenancy –
- 10 Occupied Suites: 54.70%
- 11 Vacant Suites: 45.30%
Annual Cams – $5.98 PSF
New Improvements (in the last 36 months)
- Parking Lot
- Roof (with Warranty)
- Landscaping
- New Exterior Paint
Firerock Office Center is comprised of two (2) buildings totaling ±22,041 square feet of multi-tenant office space. The properties are located in an office complex that fronts along the premier arterial providing access to the affluent town of Fountain Hills within the greater Phoenix area. With an in-place occupancy of 54.70%, this offering represents an opportunity to acquire high quality office property with a rare, and highly desirable, mix of stability and upside potential.
Michael Douglas
(480) 634-2324
mdouglas@cpiaz.com
Phill Tomlinson
(480) 330-8897
ptomlinson@cpiaz.com
Property Features
- Medical Office
- About
