| Name | IASIS Healthcare at Brookside Office Park |
| Address | 11851 North 51st Avenue, Building D (Units 120 & 130), Glendale Arizona |
| List Price | $1,039,289 |
| Cap Rate | 6.50% |
| Building Size | ±3,081 SF |
| Occupancy | 100% |
Investment Highlights
- NNN investment commencing on October 1, 2016 on a 5 year lease term, with two (2), five (5) year option periods.
- Podiatric Physicians of Arizona, Inc. is a part of IASIS Healthcare, a leading owner operator of community-focused hospitals in high-growth markets with 2015 revenues surpassing $2.7 Billion.
- $0.50/SF annual rental increases.
- Brand New Tenant Improvements completed in 2016 for Podiatric Physicians of Arizona, Inc.
- The Brookside Office Park Condominium Association maintains the exterior of the building and common areas, creating an ease of management scenario.
- Three miles west of Interstate 17, the most highly trafficked interstate in metropolitan Phoenix.
- The building offers an attractive design, covered parking, and is divisible up to two ways.
- Located 1 mile south from Banner Thunderbird Medical Center, consisting of 561 beds and more than 1,000 physicians on staff, as well Arizona State University’s West campus, featuring nearly 9,000 students.
- Excellent monument signage along 51st Avenue.
- Other tenants located in the successful Brookside Office Park include: Red Mountain Weight Loss, Arizona Pain Institute, and Joel Sellers, D.O.
Contact Information
Andrew K. Fosberg
First Vice President
Investment Properties | Retail
CBRE | Capital Markets
+1 602 735 1723
andrew.fosberg@cbre.com
Dylan A. Brown
Sales Assistant
Investment Properties | Retail
CBRE | Capital Markets
+1 602 735 1714
dylan.brown@cbre.com
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