Medical Office Investment Opportunity – Tucson, Ariz.
The Offering
CBRE has been retained as the exclusive advisor for the sale of a class “A” single tenant medical facility 100% occupied by Arizona Oncology. The property is located at the northwest corner of St. Mary’s Road and Silverbell Road directly adjacent to St. Mary’s Hospital Campus, a major Tucson medical hub. This offering allows the investor the opportunity to acquire a strategically located, architecturally appealing medical office building in Tucson. The property is occupied by a high quality, credit, medical tenant with a 6 year lease term with annual rent increases. The property is situated on a ground lease with 35 years remaining.
INVESTMENT SUMMARY
Purchase Price: $3,000,000
Price Per SF: $271.84
Building Size: ±11,036
NOI: $218,147
Cap Rate: 7.27%
Year Built: 1999
Lease Term: 6 years
Lease Expires – February 2020
Options: 1 Five Year Option
Rent Increase: 2.5% annually
For more information on Arizona Oncology Saint Mary’s Hospital, please visit our website at http://pcg.cbre.com/pcg-invite/9165
For more information, please contact:
W. Michael Sandahl
Senior Vice President
520.323.5115
michael.sandahl@cbre.com
Buzz Isaacson
First Vice President
520.323.5151
buzz.isaacson@cbre.com
Wyatt Campbell
Client Services Specialist
520.323.5173
mailto:wyatt.campbell@cbre.com
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
Comments are closed, but trackbacks and pingbacks are open.