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The Kenneth M. Phrang & Cynthia L. Phrang Trust Acquires Medical Office In Tucson For $3.1M
SOLD
Arizona
See Similar DealsMedical Office10,405 SF
Sold 06/17/2025
SOLD
The Kenneth M. Phrang & Cynthia L. Phrang Trust Acquires Medical Office In Tucson For $3.1M
2155 West Orange Grove Road
See Similar DealsMedical Office10,405 SF
Sold 06/17/2025
Summary
ARIZONA
Asset Type:Medical Office
Price Per Square Foot:$297
Total Square Footage:10,405 SF
Transaction Type:Sale
A medical office building located at 2155 West Orange Grove Road in Tucson, AZ, has been sold for $3,100,000. The property encompasses a total area of 10,405 square feet, resulting in a price per square foot of $298.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $3,100,000
- Address: 2155 West Orange Grove Road
- Market: Tucson, AZ
- Square Footage: 10,405
- Price Per Square Foot: $298
- Buyer: The Kenneth M. Phrang & Cynthia L. Phrang Trust
- Seller: OGFP Building LLC
- Buyer's Representative: Ryan Gonzales - Marcus & Millichap
- Seller's Representative: Richard Kleiner & Alexis Corona - Cushman & Wakefield
Cushman & Wakefield facilitated the transaction, with Richard Kleiner and Alexis Corona representing the seller, OGFP Building LLC, while Ryan Gonzales of Marcus & Millichap represented the buyer, The Kenneth M. Phrang & Cynthia L. Phrang Trust.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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