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6130 La Cholla BlvdTucson, AZ 85741

Medical Office Building Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a two-building, Class B medical office complex in Tucson, Arizona. The property, totaling 67,731 square feet, boasts a prime location adjacent to Northwest Medical Center's hospital campus. Built in 2000, the two-story buildings feature a multi-tenant occupancy of 80.3%, with seven tenants currently leasing space. A significant portion (over 40%) of the tenancy is occupied by Northwest Healthcare, providing a stable and substantial income stream. The property generates a Net Operating Income (NOI) of $1,015,714. The 0.81-acre lot offers ample parking (5 spaces per 1,000 sq ft). The property is zoned SP and features built-in rent bumps. High-quality tenant specialties include bone & joint, colorectal surgery, general surgery, primary care, bariatric and foregut surgery, eyecare, weight loss/wellness, and endocrinology. This presents a strong value proposition, significantly below current replacement cost, with potential for NOI growth through lease-up of available suites. Offers are due October 1st. The property is a Net Lease (NNN) investment.

Highlights

  • Two medical office buildings totaling 67,731 square feet.
  • Institutional-quality medical office buildings on the Northwest Medical Center campus, a 300-bed hospital serving Greater Tucson.
  • Over 40% leased to Northwest Healthcare/Community Health Systems, Tucson's leading health system.
  • Exceptional value-add opportunity; significantly below replacement cost.
  • High-quality tenant mix including bone & joint, colorectal, general surgery, primary care, bariatric, eyecare, weight loss, and endocrinology specialists.
  • $1,015,714 projected first-year net operating income.

Property Details for 6130 La Cholla Blvd

Property type
Office properties, Medical offices
Square Feet
67,731 SF
Class
B
Year Built
2000
Buildings
2
Stories
2
Lot Size (sq. ft)
35,284 SF

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.31734353
Longitude
-111.0108355
6130 La Cholla Blvd, Tucson, Arizona

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6130 La Cholla Blvd
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