610 E Baseline Road
TEMPE, ARIZONA
The Opportunity
CBRE has been retained as the exclusive advisor to offer qualified investors the opportunity to purchase a ±13,000 square foot, 2-tenant, medical office building located at 610 East Baseline Road in Tempe, Arizona. The Property is anchored by the ±10,400 sf Desert Endoscopy Center (“DEC”), a surgery center for nine physicians that are a part of Arizona Digestive Health, P.C. The DEC physicians opened the facility in 2004 and signed a 5-year extension in July 2014. The Endoscopy Center tenant improvements were in excess of $1,400,000 in 2004($134/SF). The remaining ±2,600 sf is occupied by Chrysalis Academy, LLC, an Arizona Department of Education approved private day school for individuals on the autism spectrum. The Property provides an investor with the opportunity to purchase a well-located medical office building leased to two quality tenants at an attractive 7.75% cap rate.
Price: $2,978,000
Cap Rate: 8.75%
NOI: $260,601
GLA: ±13,000 SF
Occupancy: 100%
FOR MORE INFORMATION PLEASE CONTACT:
Andrew Fosberg
Vice President
+1 602 7351723
andrew.fosberg@cbre.com
Molly Busch
Senior Associate
+1 602 7351771
molly.busch@cbre.com
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