Updated Jun 23, 2025
The Kenneth M. Phrang & Cynthia L. Phrang Trust Acquires Medical Office In Tucson For $3.1M
2155 West Orange Grove Road
$3,100,000
$297/SF
Building Size
10,405 SF
Asset Type
Medical Office
Closing
Jun 17, 2025
About this deal
AI
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
Tucson 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93