Updated Dec 4, 2024
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:
- Property Type: Medical Office
- Transaction Amount: $3,200,000
- Buyer: Golden Parachute Properties
- Buyer's Representative: John Allen Smith & Matt Bollinger - Smith & Bollinger-Long Realty Co
- Seller's Representative: Alexis Corona & Richard Kleiner - Cushman & Wakefield
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.
On the Map
$3,200,000
$285/SF
Medical Office
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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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93