Grunow Memorial Medical Center

Market Price

926 E McDowell Rd, Phoenix, AZ 85006

For Lease

Office Medical

Active

Last Updated: 08/06/2024

Details:

Building Size: 51,465 sqft

Lot Area: 2.4 acres

Class: B

Year Built: 1965

Floors: 2

Offered by

Drew Sampson

Associate

Avison Young | Phoenix

Request Info to Unlock

Highlights:

76% occupied medical office building located directly across the street from Banner-University Medical Center, the largest hospital in Arizona
Building is 25% occupied by DaVita, (NYSE: DVA)
In the last 12 months approximately $3.7M has been invested into the building
100% of the property is located in an Opportunity Zone
Excellent investment opportunity with steady cash flow, long term leases and upside potential through lease-up
81% of vacancy is located on highly desirable ground floor
Above market parking ratio of ±5.6/1,000

Description:

Beautiful historic medical building with Spanish Colonial Revival style architecture. Excellent healthcare tenant synergy including: Dialysis center, ENT, Otology, OB/GYN, Family Practice, Internal Medicine, Podiatry, Neurology, and Dental. Located in the Central Phoenix medical services hub, Grunow is located within a 10-mile radius of 27 hospitals and medical centers. Directly adjacent to Banner University Medical Center, the State’s largest hospital, a 733 bed acute care hospital with a Level 1 Trauma Center.

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