Carondelet Foothills Surgery Center – 2220 West Orange Grove Road, Tucson, Arizona
The Offering
CBRE has been retained as the exclusive advisor for the sale of a class “A” single tenant medical facility 100% occupied by Carondelet Foothills Surgery Center. The property is located just west of the northwest corner of Orange Grove Road and La Cholla Boulevard near the Northwest Medical Campus, a major Tucson medical hub. This offering allows the investor the opportunity to acquire a strategically located, architecturally appealing medical office building in a highly sought after northwest Tucson location. The property is occupied by a high quality, credit, medical tenant with a +10 year lease term with annual rent increases.
Investment Summary
- Purchase Price: $8,200,000
- Price Per SF: $585.71
- Building Size: ±14,000
- NOI: $475,152.48
- Cap Rate: 5.79%
- Year Built: 2005
- Lease Term: +10 years
- Rent Increase: 2.5% annually
For more information on Carondelet Foothills Surgery Center, please visit our website at: http://pcg.cbre.com/pcg-invite/9712
Contact Information
W. Michael Sandahl
Senior Vice President
520.323.5115
michael.sandahl@cbre.com
Martín Encinas
Client Services Specialist
520.323.5173
martin.encinas@cbre.com
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