16421 N Tatum Blvd, Phoenix AZ 85032

Tatum Professional - Office/Medical Investment

Medical-office Sold - AZ

OFFERING SUMMARY

• 16421 N Tatum Blvd, Phoenix AZ 85032
• Year Built:  1999 (Bldg. 1), 2002 (Bldg. 2)
• Building Size:  23,089 sq ft
• Property Name:  Tatum Professional Offices
• Sold Price:  $4,250,000
• Price PSF:  $192.00
• CAP Rate:  6.48%
• NOI:  $275,620
• Close Date 11/19/2021
• 97% occupancy
• Land Size:  1.85 acres
• Property Type:  Offering Multi-Tenant Office Building
• Type:  Investment
• Zoning:  R-O
• Parcel #:  215-32-003T
• Parking Ratio:  4.33/1,000 SF

The ICRE TEAM is proud to have represented the Seller in this investment sale.  Tatum Professional Offices, a two-building office condo project is located at 16421 North Tatum Blvd. in Phoenix, AZ 85032. This Class B office condo totals 22,000 square feet and was constructed in 2001. These buildings currently houses a number of medical practices and offer frontage with signage along Tatum Blvd. The complex is located blocks from the Loop 101 and route 51 offering rapid access to both customers and employees. 16421 N. Tatum Blvd offers an excellent investment opportunity with many long term leases in place.

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