FOR SALE MEDICAL NNN LEASED INVESTMENT 16515 S 40th Street, Units 119 and 120 Phoenix, AZ COLLIERS INTERNATIONAL 2390 E Camelback Rd Ste 100 Phoenix, AZ 85016 602 222 5000 www.colliers.com/greaterphoenix OFFERING MEMORANDUM
16515 S 40th Street, Phoenix, AZ FOR SALE Highlights > > Cap Rate 7% > > NOI $72,331.25 > > New 5-year lease term > > Tenant has been on site since 2013 Sales Price $1,033,000
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.
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 4,075 100.00% 9/1/2017 8/31/2022 72,331.25 6,027.60 17.75 Year 1 $6,027.60 $17.75 Year 2 $6,027.60 $17.75 Year 3 $6,027.60 $17.75 Year 4 $6,027.60 $17.75 Year 5 $6,027.60 $17.75 Rent PSF Comments Totals 4,075 #REF! $72,331.25 $6,028 $17.75 1st year Rent Income SF SF % SF Rent PSF Annual Rent* Occupied Square Feet 4,075 100.00% Suite 139 4,075 $17.75 $72,331.25 years 1-5 annual rent. Flat Rent for 5 year renewal Total 4,075 100.00% - Total 4,075 $ 72,331.25 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)
Aerial View 16515 S 40th Street, Phoenix, AZ FOR SALE
Floor Plan 16515 S 40th Street, Phoenix, AZ AVAILABLE 4,075 SF
Floor Plan 16515 S 40th Street, Phoenix, AZ AVAILABLE 4,075 SF
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