LeCota
702 & 706 E Bell Rd
Phoenix, AZ 85022
Stabilized ±84,658 SF Medical/Office Campus in Strategic Phoenix Submarket
Kidder Mathews, as exclusive advisor, is pleased to present the unique opportunity to acquire the fee simple interest in LeCota (the “Property”), a ~92.4% leased multi-tenant office/medical campus situated along Bell Road in North Phoenix.
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Investment Highlights
• Diverse Tenant Base: No single tenant exceeds 8% of the rent roll, reducing rollover risk and ensuring consistent income.
• Favorable Lease Structure: A weighted average lease term (WALT) of 3.8 years and a desirable average tenant size of roughly 2,000 SF contribute to low tenant turnover and stable cash flows.
• Balanced Tenant Mix: Approximately 45% medical and 55% professional office users, with flexibility to further convert suites to medical use, capitalizing on high demand in the region.
• Upside Conversion Potential: Opportunity to upgrade spaces to spec suites to align with market demand trends and secure higher rental rates.
• Strong Population Growth: Within a 1-mile radius, the population exceeds 25,000, expanding to approximately 140,000 within 3 miles—creating a large built-in customer and tenant base.
• Favorable Income and Education Trends: Median household income in the immediate area is ~$58,000, with a sharp rise in educational attainment—bachelor’s degrees have increased by 40% over the past decade.
Sales Contacts
Michael Dupuy
602.513.5123
michael.dupuy@kidder.com
Executive Vice President
Zack Harris
602.513.5121
zack.harris@kidder.com
Associate
Leasing Contact
Rachael Thompson
602.513.5122
rachael.thompson@kidder.com
Senior Vice President
Financing Contact
Adam Parker
602.354.5274
aparker@gantry.com
Principal
KIDDER.COM
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