Updated May 12, 2025
Elliott Bay Medical Properties Holdings LLC Acquires Medical Office In Tucson For $5.5M
4881 East Grant Road
$5,500,000
$366/SF
Building Size
15,000 SF
Asset Type
Medical Office
Closing
Apr 28, 2025
About this deal
AI
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.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93