1,756 Transactions in 2021

17100 E Shea Blvd, Fountain Hills, AZ 85268

For Sale $2,500,000
Medical Office
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.​

 



BROKER INFORMATION

Michael Douglas
(480) 634-2324
mdouglas@cpiaz.com


Phill Tomlinson
(480) 330-8897
ptomlinson@cpiaz.com



Property Features
  • Medical Office
Phill Tomlinson
480-330-8897
480-522-2800

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