The Offering
Offering Price: Best Offer
Building Size: 180,486 RSF
Year of Completion: 2008
Percentage Leased: 90.8%
In-Place NOI: $2,504,313
CBRE’s U.S. Healthcare Capital Markets Group is pleased to offer for sale the leasehold interest in Pima Medical Pavilion (the “Property”), which consists of Pima Medical I & II; twin, Class-A medical office buildings that total approximately 180,486 square feet. The Property, which is located within the Pima Center mixed-use business park, is situated adjacent to the recently developed HonorHealth Rehabilitation Hospital and is roughly one mile from the HonorHealth Scottsdale Shea Medical Center campus. The buildings were constructed in 2008 and designed to accommodate custom physician suites and space for surgery, imaging, diagnostics, and lab uses. Pima Medical I & II share an expansive parking lot that consists of 786 total parking spaces, or 4.35 spaces per 1,000 square feet. Currently, Pima Medical Pavilion is 90.8% leased to a synergistic mix of healthcare providers with an average remaining lease term of 7.34 years.
Investment Highlights
Class A, Institutional Quality Asset
Proximate to HonorHealth Scottsdale Shea Medical Center
Well-Leased with Minimal Rollover Risk
High-Caliber, Synergistic Tenant Mix
Easily Accessible, High Traffic Location
Exceptional Demographics
Appealing Aging Trends
Delivered Free and Clear of Existing Debt
Contact Information
CBRE U.S. Healthcare Capital Markets Group
Lee Asher
Executive Vice President
+1 404 504 5965
lee.asher@cbre.com
Chris Bodnar
Executive Vice President
+1 303 628 1711
chris.bodnar@cbre.com
Arizona Brokerage
Vince Femiano
AZ Lic# SA107941000
+1 602 735 1793
vince.femiano@cbre.com
Kate Morris
AZ Lic# BR552877000
+1 602 735 1790
kate.morris@cbre.com
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