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100% Leased Investment Opportunity

Listing was updated at: 06/26/2019
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Property Overview

Price/Rent PSF $ 1,045,000.00
Asset Type Office
Trade Type Sale & Lease
SQ. FT. Available 4,788
Date Available 06/26/2019
Additional URL Link
Parking 22
Floors 1
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Description

Location
The property is just East of the SE Corner of Northern Avenue & 51st Avenue. Close to downtown Glendale, the property enjoys split access from two streets of entry (see map). This type of corner location is a rare find. Grand Avenue is two miles to the west, and the I-17 freeway is 3 miles to the east.

Sale
The owner has just completed a full remodel and update of the interior and exterior with new desert landscaping. Newly Updated and Remodeled Professional Offices for a new tenant with 5-year lease and annual escalations. Air-conditioning and roof were updated 2011 after the hail storm. Interior updates include flooring, plumbing, fixtures, cabinetry, counters, electrical, lowered ceilings (formerly vaulted), and HVAC duct work. Installation of a new block wall installed to separate the parking lot from the adjacent residential property. New tenant is an experienced and expanding behavioral health company with plans to include primary medical care in this location. Former dental office has been updated for the new medical practice to match the other updated suites to meet the needs of the new tenant. All suites have been merged for single user. Tenant pays most building maintenance and utilities.

Lease
Newly Updated and Remodeled Professional Offices for Lease, Ready for Move In. Floor plan provides multiple private offices, optional treatment rooms, work rooms, storage cabinets, closets, private restrooms and reception areas for each suite. You will appreciate the well-lighted, inviting new decor with 24" square ceiling tile and wood-like vinyl floor tile. The newly installed break room in Suite A includes cabinets, refrigerator, and a private restroom. There are optional water and drain connections in the main hallway if needed for wash basins, drinking fountains, or other use. (Note: Owner will consider restroom remodel for ADA compliance if necessary.) HVAC, plumbing, and electrical have all been updated and upgraded with separate electric metering on each suite.

Location

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