Sonora Behavioral Health Hospital Acquires Medical Office In Tucson, AZ For $3.9M
3130 E Broadway Blvd, Tucson, AZ, USA
$3,900,000
$229/SF
Building Size
16,999 SF
Asset Type
Office
Closing
Oct 11, 2021
About this deal
AI
A medical office located at 3130 E. Broadway Blvd in Tucson, AZ has been sold for $3,900,000. The property spans 16,999 square feet, resulting in a price per square foot of $229. The transaction took place on 10/11/2021 and involved the buyer, Sonora Behavioral Health Hospital, and the seller, LC3130 LLC.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: $3,900,000
- SF: 16,999
- PPSF: $229
- Date: 10/11/2021
- Address: 3130 E. Broadway Blvd, Tucson, AZ
- Buyer: Sonora Behavioral Health Hospital
- Seller: LC3130 LLC
- Buyer's Rep: Jeremy Adams - Jones Lang LaSalle Brokerage
- Seller's Rep: Thomas Nieman - Cushman & Wakefield
Jeremy Adams from Jones Lang LaSalle Brokerage represented the buyer, Sonora Behavioral Health Hospital, in this transaction. Thomas Nieman from Cushman & Wakefield represented the seller, LC3130 LLC.
Players
Tucson Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Thomas Nieman to view all their deals.
Browse Arizona office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93