Updated May 12, 2025
Cushman & Wakefield Brokers $6.1M Sale Of Medical Office Portfolio In Tucson, Arizona
1055 North La Cañada Drive & 4892 North Stone Avenue
$6,100,000
$71/SF
Building Size
42,722 SF
Asset Type
Medical Office
Closing
Apr 7, 2025
About this deal
AI
A medical office portfolio located at 1055 North La Cañada Drive & 4892 North Stone Avenue has been sold for $6,100,000. The total square footage of the property spans 42,722 sq. ft., and the price per square foot is $143. This transaction took place within the market areas of Green Valley and Tucson, AZ.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $6,100,000
- Square Footage: 42,722 sq. ft.
- Price Per Square Foot: $143
- Sale Date: 04/07/2025
- Address: 1055 North La Cañada Drive & 4892 North Stone Avenue
- Market: Green Valley & Tucson, AZ
- Brokers: Bryce Horner & Thomas Nieman - Cushman & Wakefield
Cushman & Wakefield | PICOR was involved in brokering the transaction, facilitating the sale to a private investment group. The brokers, Bryce Horner and Thomas Nieman, represented the sellers in this deal.
Players
Green Valley Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93