The Offering
CBRE has been retained as the exclusive advisor for the sale of a single tenant flex facility 100% occupied by Revenue Cycle Services LLC. The lease is guaranteed by Community Health Services, one of the largest hospital organizations in the U.S. and ranked 125 on the 2016 Fortune 500 list. The property is located on Palo Verde Road just north of Valencia Road. This offering allows the investor the opportunity to acquire a high quality, well parked flex building in the highly popular Airport industrial submarket of Tucson. The property is occupied by a high quality credit tenant with over 8 years remaining lease term featuring 3% annual increases and a triple-net lease structure.
Investment Highlights
- 8 plus years remaining lease term with annual 3.0% rent escalations.
- Absolute net lease with property management fees included in reimbursable expenses.
- Flexible building design allowing for single or multiple tenancies including uses such as office, manufacturing or distribution operations.
- Ample parking at approximately 6.0 per 1,000 square feet.
- Exceptional credit tenant – the lease is guaranteed by Community Health Systems Inc., one of the largest hospital organizations in the U.S., traded on the
- New York Stock Exchange under the symbol, CYH, with ±197 affiliated hospitals. 2015 Revenues were ±$19.43 billion.
- Highly sought after location just 2 miles from the Tucson International Airport.
- Ideal property for exchange investors.
| Offering Price | $10,300,000 |
| Cap Rate | 6.20% |
| Building Size | ±60,405 |
| Year Built | 1999 |
| Lease Term | 8 Years |
| Rent Increases | 3.0% Annually |
Contact Information
Mike Sandahl
Senior Vice President
+1 520 323 5115
michael.sandahl@cbre.com
Tim Healy
Vice President
+1 520 323 5119
tim.healy@cbre.com
Bob DeLaney
Vice President
+1 520 323 5171
robert.delaney@cbre.com
Martín Encinas
Client Services Specialist
+1 520 323 5173
martin.encinas@cbre.com
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