Contacts
Bellagio Plaza
Property Manager
Property Details
- Property Type Office
- Property Size 11,782 SF
- Lot Size 0.27 Acre
- Cap Rate % 7
- Year Built 1986
- Date Updated Jul 13, 2026
10-YEAR CORPORATE-GUARANTEED CASH FLOW AT A 7% CAP RATE
Property Type: Medical Office
Sale Price: $5,050,000
Suite Size: ±11,782 SF
Zoning: R-5
Parcel: 118-34-643
Call now: 480-323-6072 to schedule your FREE, no-obligation tour and see it in person!
This is a rare opportunity to acquire a high-quality medical office suite located in a highly accessible and amenity-rich area. Suite 360 offers ±11,782 SF of fully built-out medical space, currently occupied by a stable, well-established local multispecialty practice with 12 locations across Arizona. This 10-year NNN lease provides long-term, passive income with minimal landlord responsibilities.
Investment Highlights:
- 7% CAP Rate | 10-Year NNN Lease
- Experienced Tenant: Large, multispecialty practice with strong local presence
- Licensed Outpatient Cath Labs with Recovery Areas
- No Comparable Medical Condo Inventory in the Downtown Core
- Zoned R-5 – Ideal for Medical Use
Property Features:
- 32 Wet Exam Rooms
- Outdoor Balconies for staff and patient comfort
- Parking Garage + Surface Parking available
- Building & Monument Signage opportunities
- Easy Access to Light Rail, SR-51, Loop 101, and Loop 202
- Surrounded by Desirable Retail Amenities
- Close Proximity to Multiple Major Hospitals
This offering represents a turn-key, income-producing asset in a high-demand medical corridor, ideal for investors seeking long-term stability and solid market fundamentals.
📞 Call 480-323-6072 today to learn more!
Reach out to the broker for more info on lease terms and amenities
Getting around
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73/100
Walk Score ®
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56/100
Transit Score ®
-
60/100
Bike Score ®
Location
- City Phoenix, AZ
- Neighborhood Encanto Village
- Zip Code 85012
- Market Phoenix
Points of Interest
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Osborn/ Central Ave
0.23 miles
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Thomas/ Central Ave
0.25 miles
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Encanto/ Central Ave
0.74 miles
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Indian School/ Central Ave
0.82 miles
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Campbell/ Central Ave
1.20 miles
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SRB Limo LLC
1.33 miles
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McDowell/ Central Ave
1.35 miles
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Central Ave/ Camelback
1.71 miles
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Roosevelt/Central
1.73 miles
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7th Ave/ Camelback
1.87 miles
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Blink
0.21 miles
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Circle K
0.24 miles
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Mobil
0.32 miles
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ChargePoint
0.60 miles
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Chevron
0.71 miles
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QuickTrip
0.85 miles
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Arco
1.35 miles
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76
1.39 miles
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Third Avenue Garage
0.38 miles
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5th Avenue Garage
0.59 miles
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Park on Central Parking Garage
0.60 miles
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4041 Central Plaza Garage
0.66 miles
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Parc Midtown
0.78 miles
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Lot D
0.85 miles
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Phoenix College North Lot
0.97 miles
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Lot B
0.99 miles
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Lot C
1.01 miles
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Church Parking
1.06 miles
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Embassy Suites
0.24 miles
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Hampton Inn Phoenix-Midtown-Downtown Area
0.37 miles
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Extended Stay America - Phoenix - Midtown
0.38 miles
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Ramada Phoenix Midtown
0.42 miles
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Wyndham Garden Phoenix Midtown
0.44 miles
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Fairfield Inn & Suites Phoenix Midtown
0.59 miles
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Hilton Garden Inn Phoenix Midtown
0.63 miles
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The Clarendon Hotel and Spa
0.67 miles
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Budget Suites of America
0.89 miles
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Holiday Inn Phoenix-Midtown
1.08 miles
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Safeway
0.67 miles
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Sprouts Farmers Market
0.77 miles
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Natural Grocers
0.99 miles
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Latino Market
1.35 miles
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Marvel on McDowell
1.72 miles
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Phoenix General
1.75 miles
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AJ's
1.79 miles
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Yenat Enjera Ethiopian Market & Grocery
1.81 miles
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Fry's Food and Drug
2.04 miles
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Target
2.16 miles
Bellagio Plaza
Property Manager