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Cushman & Wakefield Brokers $6.1M Sale Of Medical Office Portfolio In Tucson, Arizona

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SOLD
$6,100,000

Arizona

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Medical Office85,444 SF
Sold 04/07/2025
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SOLD

Cushman & Wakefield Brokers $6.1M Sale Of Medical Office Portfolio In Tucson, Arizona

1055 North La Cañada Drive & 4892 North Stone Avenue

See Similar Deals
Medical Office85,444 SF
Sold 04/07/2025
Contact now

Summary

ARIZONA
Asset Type:Medical Office
Price Per Square Foot:$71
Total Square Footage:85,444 SF
Transaction Type:Sale

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

Thomas Nieman
2 deals$10M volume
BROKER

Bryce Horner
Cushman & Wakefield
3 deals$13.6M volume(520) 546-2737
BROKER

Details

SOLD
IMAGE: 04/07/2025 ADDRESS: 1055 North La Cañada Drive & 4892 North Stone Avenue MARKET: Green Valley & Tucson, AZ ASSET TYPE: Medical Office BROKERS: Bryce Horner & Thomas Nieman - Cushman & Wakefield SALE PRICE: $6,100,000 SF: 42,722 ~ PPSF: $143 NOTE: Cushman & Wakefield | PICOR brokered the $6.1M sale of a 42,722 sq. ft. medical office portfolio in Tucson to a private investment group.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$325,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34