Cambridge Court Condominium

Address: 2701 N 16th St #108 Phoenix, AZ 85006

SALE PRICE:

$775,000 (151.28 PSF)

AVAILABLE SF:

4,223 SF

  • 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.

Property Description

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.

Location

2701 N 16 th St #108 Phoenix, AZ 85006

Arizona

Agent Details

Tom Wolf

Broker/Owner at The Fairmark Realty Team

OFFICE: 480.948.5554
MOBILE: 602.332.5507
tom@businesscre.com

Axel Erickson

OFFICE: 480.948.5554
MOBILE: 480.294.7976
axel@businesscre.com

Contact

Gallery