OFFERING MEMORANDUM MEDICAL NNN LEASED INVESTMENT S 40th Street, Units 119 and 120 Phoenix, AZ FOR SALE

Transcription

1 FOR SALE MEDICAL NNN LEASED INVESTMENT S 40th Street, Units 119 and 120 Phoenix, AZ COLLIERS INTERNATIONAL 2390 E Camelback Rd Ste 100 Phoenix, AZ OFFERING MEMORANDUM

2 16515 S 40th Street, Phoenix, AZ FOR SALE Highlights > > Cap Rate 7% > > NOI $72, > > New 5-year lease term > > Tenant has been on site since 2013 Sales Price $1,033,000

3 TENANT Phoenician Medical Center Inc. Also known as PMCI, tenant is a medical group that has 13 practice medical offices located in eight cities in Arizona. There are more than 140,000 active primary care patients today and approximately 37 health care providers, specializing in Family Practice, Internal Medicine, Emergency Medicine, Osteopathic Manipulative Medicine, Nurse Practitioner, General Practice, Physician Assistant, being reported as members of the medical group. Medical taxonomies which are covered by PMCI include Physician Assistant, Adult Health, Nurse Practitioner, General Practice, Athletic Trainer, School, Medical, Family Medicine, Sports Medicine, Internal Medicine and many more. PMCI is the parent company to East Valley Family Medicine (aka EVFM), which is an integrated care network including sub-specialties in Neurology, Pain Management, Anesthesiology and Vein Centers with ancillary services in Imaging and Radiology Centers, Urgent Care, Physical Therapy, Sleep Labs and Home Health. PMCI is also affiliated with Alliance for Veterans Organized Wellness (aka AVOW). AVOW has organized a valley-wide affiliate provider network to help deliver primary, specialty, and home healthcare as well as screening and diagnostic imaging services to veterans who cannot be seen in a timely manner by the VA.

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5 Tenant Lease Summary OCCUPIED SUITES Suite Tenant SF SF % Lease Start Lease End Annual Rent Monthly Rent Rent/SF Year Rent Amount/ Month 139 Phoenician Medical Center 4, % 9/1/2017 8/31/ , , Year 1 $6, $17.75 Year 2 $6, $17.75 Year 3 $6, $17.75 Year 4 $6, $17.75 Year 5 $6, $17.75 Rent PSF Comments Totals 4,075 #REF! $72, $6,028 $ st year Rent Income SF SF % SF Rent PSF Annual Rent* Occupied Square Feet 4, % Suite 139 4,075 $17.75 $72, years 1-5 annual rent. Flat Rent for 5 year renewal Total 4, % - Total 4,075 $ 72, Asking Price: $1,033,000 Net Operating Income: $72,331 Cap Rate: 7.00% Leveraged Return: 8.63% (Cash-on-Cash with 25% down-payment, balanced financed at 4.25% over 25 years)

6 Aerial View S 40th Street, Phoenix, AZ FOR SALE

7 Floor Plan S 40th Street, Phoenix, AZ AVAILABLE 4,075 SF

8 Floor Plan S 40th Street, Phoenix, AZ AVAILABLE 4,075 SF

9 99TH AVE LS DR 91ST AVE 83TH AVE E 75TH AVE BUCKEYE RD LLESON LOWER BUCKEYE RD BASELINE RD DOBBINS RD ELLIOT RD 67TH AVE ESTRELLA DR 59TH AVE GREENWAY PKWY GREENWAY RD GREENWAY RD THUNDERBIRD RD S 40th Street, Phoenix, THUNDERBIRD RDAZ CACTUS RD 59TH AVE SAINT JOHNS RD 51ST AVE 51ST AVE PAPAGO FWY 59TH AVE 51ST AVE 43RD AVE GRAND AVE 43RD AVE 43RD AVE 35TH AVE 35TH AVE 35TH AVE 27TH AVE BELTLINE RD BLACK CANYON FWY 19TH AVE 19TH AVE 7TH AVE PEORIA AVE DUNLAP AVE NORTHERN AVE GLENDALE AVE BETHANY HOME RD CAMELBACK RD INDIAN SCHOOL RD THOMAS RD MCDOWELL RD 7TH ST VAN BUREN ST 7TH AVE CENTRAL AVE 7TH ST 16TH ST MARICOPA FWY CAVE CREEK RD BROADWAY RD SOUTHERN AVE 16TH ST SQUAW PEAK FWY GUADALUPE CHANDLER BLVD PECOS RD 32ND ST 24TH ST 32ND ST GILA RIVER INDIAN COMMUNITY 40TH ST 40TH ST 44TH ST TATUM BLV RED MT FWY MARICOPA RD CACTUS RD SHEA BLVD DOUBLETREE RANCH RD 48TH ST 56TH ST TEMPE VIA DE VENTURA INDIAN BEND RD LINCOLN DR MCDONALD DR CHAPARRAL RD CAMELBACK RD 56TH ST MARICOPA FWY 56TH ST GALVIN PKWY CURRY RD UNIVERSITY DR APACHE BLVD PRIEST DR 64TH ST BASELINE RD GUADALUPE RD KYRENE RD 64TH ST MILL AVE SCOTTSDALE ELLIOT RD RURAL RD HAYDEN RD HAYDEN RD PIMA RD MCCLINTOCK RD PRICE RD PRICE FWY PEARL HARBOR MEMORIAL FWY PIMA FWY BELL RD FRANK LLOYD WRIGHT BLVD DOBSON RD WARNER RD HUNT HWY 104TH ST ALMA SC HOOL RD ALMA SCHOOL RD COUNTRY CLUB DR SUPERSTITION FWY ARIZONA AVE MESA DR MESA DR VIA LINDA HAYDEN RHODE S AQUEDUCT RAY RD CHANDLER MCQUEEN RD 124TH ST STAPLEY DR PECOS RD COOPER RD THOMAS RD GILBERT RD GILBERT RD FOR SALE LINDSAY RD LINDSAY RD BEELINE HWY MES A VAL VISTA DR VAL VISTA DR GREENFIELD RD HIGLEY RD GILBE MCDOWELL MOUNTAIN MCDOWELL RD MCKELLIPS RD BROWN RD MAIN ST WILLIAMS FIELD RD HIGLEY RD RECKER RD RECKER RD POWER RD POWER RD SOSSAMAN RD HAWES RD BUSH HWY Contact Us APACHE TR BROADWAY RD SOUTHERN AVE LOST DUTCHMAN BLVD Direct +1 Mobile RITTENHOUSE RD SOSSAMAN RD HAWES RD ELLSWORTH RD CRISMON RD CRIMSON RD USERY PASS RD SIGNAL BUTTE RD MOUNTAIN RD MERIDIAN RD SKYLINE DR IRONWOOD DR GANTZEL RD OLD WEST HWY GERMANN RD GERMANN RD QUEEN CREEK RD This document/ has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the OCOTILLO RD SUN LAKES information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the CHANDLER HEIGHTS RD accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document RIGGS RD and RIGGS excludes RD all liability for loss and damages COMBS RDarising there from. This publication IDAHO RD TOMAHAWK RD SCHNEPF RD SUPERSTITION BLVD is the copyrighted property of Colliers International and /or its licensor(s) All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. GOLDFIELD RD MOUNTAIN VIEW COLLIERS INTERNATIONAL 2390 E Camelback Rd Ste 100 Phoenix, AZ