facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Arizona

/

Medical Office

/

Sale

/

6452 East Carondelet Drive

Updated Dec 4, 2024

Golden Parachute Properties Acquires Medical Office In Tucson For $3.2M
SOLDMedical Office

Golden Parachute Properties Acquires Medical Office In Tucson For $3.2M

6452 East Carondelet Drive

$3,200,000

$285/SF

Building Size

11,200 SF

Asset Type

Medical Office

Closing

Apr 23, 2024

About this deal

AI

Located at 6452 East Carondelet Drive, the property involved in the transaction is a medical office spanning 11,200 square feet. The sale price for this asset was $3.2 million, translating to a price per square foot of $286. The buyer, Golden Parachute Properties, acquired this medical office space from AM Properties LLC in Tucson, AZ.

Summary of transaction details:

John Allen Smith and Matt Bollinger of Smith & Bollinger-Long Realty Co represented Golden Parachute Properties as the buyer in this transaction. On the other side, Alexis Corona and Richard Kleiner from Cushman & Wakefield acted as the seller's representatives, facilitating the sale of the medical office space in Tucson.

Players

Richard Kleiner

Cushman & Wakefield

Broker

$19.3M

vol

5 deals

Broker

Tucson Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

Loading comparables…

Deal FAQ

About $285 per square foot on a published $3.2M for 11,200 square feet (2024).

Visit Richard Kleiner to view all their deals.

Browse Tucson medical office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets