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The Kenneth M. Phrang & Cynthia L. Phrang Trust Acquires Medical Office In Tucson For $3.1M

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SOLD
$3,100,000

Arizona

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Medical Office10,405 SF
Sold 06/17/2025
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SOLD

The Kenneth M. Phrang & Cynthia L. Phrang Trust Acquires Medical Office In Tucson For $3.1M

2155 West Orange Grove Road

See Similar Deals
Medical Office10,405 SF
Sold 06/17/2025
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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

Richard Kleiner
5 deals$19.3M volume(520) 440-2745
BROKER

Alexis Corona
Cushman & Wakefield
5 deals$19.3M volume(520) 546-2729
BROKER

Ryan Gonzales
Marcus & Millichap
1 deal$3.1M volume(858) 373-3127
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: 06/17/2025 ADDRESS: 2155 West Orange Grove Road MARKET: Tucson, AZ ASSET TYPE: Medical Office BUYER: The Kenneth M. Phrang & Cynthia L. Phrang Trust SELLER: OGFP Building LLC BUYER'S REP: Ryan Gonzales - Marcus & Millichap SELLER'S REP: Richard Kleiner & Alexis Corona - Cushman & Wakefield SALE PRICE: $3,100,000 SF: 10,405 ~ PPSF: $298 NOTE: Cushman & Wakefield | PICOR facilitated the sale of a 10,405-square-foot medical office building in Tucson for $3.1M, with OGFP Building LLC selling to The Kenneth M. Phrang & Cynthia L. Phrang Trust. Richard Kleiner and Alexis Corona represented the seller, while Ryan Gonzales of Marcus & Millichap handled the buyer side.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
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