SALE PRICE: $2,660,000 (+$500,000 for Land)
– Stable Tenancy with the Recent Renewal of American Dental Partners, Inc with Offices in 21 States (tenant since 1994)
– Opportunity for Upside with Approximately 1.5 Acres of Land Available for $500,000
– Recently Upgraded Exterior with Terrific Curb Appeal Along Central Avenue
– $200,000 in Recent Capital Improvements – Including New Digital Monument Sign
– Light Rail Coming Soon – South Central Extension to be Completed by 2023
– Prominent Monument Signage with a New, Dual-Sided Digital Sign
Strong Traffic of 25,000 Vehicles Per Day and Over 337,000 Daytime Population
South Central Medical Plaza is an opportunity to purchase a 100% occupied medical/dental plaza with an additional +/- 1.72 acres of undeveloped land and parking lot. The major tenant, Tooth Doctor for Kids, recently extended their lease and has 6 locations throughout the Valley. Their parent company is American Dental Partners with locations in 21 states. The property has ample parking and has proven to serve a need in the community. At a 7.5% CAP rate with the ability to build on the additional land, this investment appeals to both the stabilized and upside investor.
South Central Medical Plaza benefits from its infill location and exposure along Central Avenue just minutes from Sky Harbor International Airport and Downtown Phoenix.
Contact Ari Spiro for more details