RE/MAX Commercial Alliance is proud to offer this exceptional opportunity to acquire a fully leased NNN property, available for the first time since its construction. Situated at 3500 John F. Kennedy Parkway in the vibrant midtown district, this trophy asset sits just steps from the redeveloped Foothills Mall and Marriot Hotel, surrounded by an abundance of dining, shopping, and lifestyle amenities. This dynamic location combines visibility, accessibility, and walkability — a winning combination for long-term value.

     Containing 41,225 building SF across four levels, this striking property offers abundant parking, expansive natural light, and modern interiors, complemented by a contemporary monument sign for maximum exposure. The well-balanced tenant roster features a mix of established professional office and medical tenants, delivering 100% occupancy.

    As a bonus, the sale includes a 0.875 acre pad site, unlocking future development or expansion potential in a high-demand corridor where opportunities are scarce. This is a turnkey, income-producing asset in a prime location where quality investments rarely come to market.

PROPERTY OFFERING SUMMARY

• Sales Price $9,900,000
• 7% Cap Rate. 100% Occupied.
• 2026 NOI $664,100. Incls 5% Vacancy and Mgmt.
• 41,225 Building SF / 37,507 Rentable SF on 3.3 Acres of Land; Incls Additional 0.875 Acre Pad Site.
• Year Built 1984 / 2008 Major Interior Remodel and New HVAC Completed.
• New Roof in 2024.
• Well Managed with Reliable Financial Information.
• Elevator Served Building, Complete with Major Interior Upgrades and Elegant Landscaping.
• Thoughtful Tenant Mix to Incl 16 Tenants, Multiple National Tenants.
• Two Rooftop Antenna Cell Leases With a Value of $1M at a 5% Cap Rate.
• 148 Parking Spaces (3.89 parking ratio).
• Located Within the General Commercial Zone District.

PROPERTY OVERVIEW

• New roof 2024 with Transferrable 20-year NDL Material Warranty, 5-year Workmanship Warranty.
• New monument sign 2018.
• YOC 1984, 2008 major interior remodel.
• HVAC – 2, 50 ton RTUs. Installed in Nov. 2008, plus April 2017 updated controls system.
• Elevator cab remodeled Oct. 2013. April 2017 new hydraulic dry pump system installed.
• Mill and overlay of parking lot and curb repairs are scheduled at end of September 2025, $90,000 value. 
• New radio communication system required by PFA installed.
• Approx. $222,000 future Capital Improvement cost recovery benefit to be conveyed to Buyer.
• Parking: 148 parking spaces (3.89 parking ratio). 124  in front of bldg. 24 in the private drive on N and E side of property. These 24 are shared with property to the north (8 appurtenant to the Pad Site). The property owner to the north is responsible for the maintenance of the 24 shared spaces.