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Elliott Bay Medical Properties Holdings LLC Acquires Medical Office In Tucson For $5.5M
SOLD
$5,500,000
Arizona
See Similar DealsMedical Office15,000 SF
Sold 04/28/2025
SOLD
Elliott Bay Medical Properties Holdings LLC Acquires Medical Office In Tucson For $5.5M
4881 East Grant Road
See Similar DealsMedical Office15,000 SF
Sold 04/28/2025
Summary
ARIZONA
Asset Type:Medical Office
Price Per Square Foot:$366
Total Square Footage:15,000 SF
Transaction Type:Sale
A medical office property located at 4881 East Grant Road in Tucson, AZ has been sold for $5,500,000. The asset spans 15,000 square feet, translating to a price per square foot of $367.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $5,500,000
- Address: 4881 East Grant Road
- Market: Tucson, AZ
- Square Footage: 15,000
- Price Per Square Foot: $367
- Buyer: Elliott Bay Medical Properties Holdings LLC
- Broker: Bryce Horner - Cushman & Wakefield
In this transaction, Bryce Horner represented the seller, a private investment group, providing expert brokerage services for this medical office sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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