SimonMed Imaging
42,067 SF | Office Building | Phoenix, AZ 85037 | $17,235,108 ($410/SF) | 6.10% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $17,235,108
- Property Type
-
Office
- Square Feet
- 42,067 SF
- Price / Square Foot
- $410
Listing Contacts
Bryan Webb
Verified Profile
- Property Info
Property Overview
An independent outpatient medical imaging provider with 9+ years remaining, absolute NNN lease structure with 3%+ annual incr eases,
and management reimbursement. Located in Phoenix’s West Valley, directly across the street from Banner Estrella Medical and Surgery
Center, a major medical campus providing healthcare services to approximately 400,000 residents in a 5-mile radius.
and management reimbursement. Located in Phoenix’s West Valley, directly across the street from Banner Estrella Medical and Surgery
Center, a major medical campus providing healthcare services to approximately 400,000 residents in a 5-mile radius.
Property Details
- Class
- B
- Year Built/Renovated
- 2005/2018
- Stories
- 1
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 261,360 SF
Highlights
- 9+ years remaining on an absolute NNN lease with 3% annual increases throughout initial term and options hedge investment against inflation
- Mission critical to SimonMed’s Arizona operation, housing all HIPPAA required hard file data storage for all Arizona facilities, as well as the main c
- The only SimonMed location in Arizona with warehouse space for repairs and maintenance of imaging equipment
- The subject property has been visited 60K times in the last twelve months (Placer.ai)
- The subject property has a 6 acre parcel which allows for additional development for a drivethrough concept on a ground lease build to suit
- Strategically positioned directly across the street from Banner Estrella Hospital & Medical Center, 24 Hour ER & Level IV Trauma Center
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