Bell Road Office Park › Guides › Affordable medical

Affordable medical office space in Phoenix

$17 and change per SF NNN, in a corridor where comparable buildings ask $19.50 to $20.50. Three suites from 726 to 2,195 SF, in a building that already houses Medicine for Business and Industry, Arizona Sports & Spine and Arizona Trim Clinic.
$17+/SFNNN, this building
$19.50 to $20.50what comparables ask
726 to 2,195 SFthree suites
Medical mixalready in the building

What the difference actually buys you

On a 2,195 square foot suite, the gap between $17 and $20.50 is more than $7,600 a year. That is a piece of equipment, or a staff member's hours, or simply the margin that makes a new location work instead of almost work.

Below market does not mean tired here. The building was renovated in 2022, it is single story so patients park and walk in, there are 78 spaces with 24 covered, and the landlord is offering an aggressive tenant improvement allowance to build the suite out for clinical use.

Bell Road Office Park, a renovated single-story office building in north Phoenix

Quick questions

Why is the rate below the corridor comps?

That is the landlord's position on this building. What matters for you is the number you pay, so bring your comparison to the tour.

Is it built out for medical already?

The suites are move-in ready as offices. For clinical buildout the landlord offers an aggressive TI allowance and will build to suit.

Who else is in the building?

Medicine for Business and Industry (MBI), Arizona Sports & Spine, and Arizona Trim Clinic.