$775,000 (151.28 PSF)
- Feb. 2020 signed 3 year lease with tenant in place for 10+ years.
- Owner/User Opportunity.
- Large parking lots, with some covered spaces.
- Building Signage on 16th Street.
- Association maintains grounds, and pays all utilities. Beautiful common courtyards and restrooms.
- Close proximity to major hospitals, Sky Harbor, the Biltmore district, and downtown Phoenix.
- First floor condo with ADA access, no steps to enter.
Unit 108 is a 5,123 SF, single level office condo positioned for owner-user with an income component. The condominium is currently divided into two suites, but has multiple entrances and easily divisible to three suites. 4,223 SF is available for occupancy, with ~900 SF leased to a long term tenant. Cambridge Court is ideal for many professional, medical, dental, or non-profit uses. Alternatively, the in-place tenant makes for a value-ad investment opportunity with the potential to have three separate tenants.
Cambridge Court features winding pathways and courtyards filled with trees and vines. The multi-story brick structures provide a commanding presence on 16th Street.
2701 N 16 th St #108 Phoenix, AZ 85006