For Sale
$399,000

1106 El Dorado PlTucson, AZ 85710

Profitable medical office building, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This 1,974 square foot medical office building in Tucson, Arizona, presents a compelling investment opportunity. Built in 2004, the single-story property sits on a 3,950 square foot lot and is zoned C-1. Currently leased to a well-established veterinary clinic until December 31, 2028, with two five-year renewal options, the lease features 3% annual rent bumps. The property boasts specialized facilities including exam rooms, an operating room, a lead-lined MRI/X-ray room, reception area, break room, conference room, offices, and two restrooms. The building enjoys high visibility due to its location facing Speedway Boulevard, near both TMC and St. Joseph's Hospital. The asking price is $399,000, representing a pro-forma cap rate of 6.70% and a pro-forma NOI of $26,744. The current rent is $15.65 per square foot, modified gross. This turnkey investment offers a secure income stream in a thriving medical sector. The property's APN is 133-14-8230.

Highlights

  • 1,974 SF medical office building in Tucson, AZ, built in 2004.
  • Located on a 3,950 SF lot, zoned C-1.
  • Leased to a veterinary clinic until 12/31/2028, with two 5-year options and 3% annual rent increases.
  • Features exam rooms, operating room, lead-lined MRI/X-ray room, and ample office space.
  • High visibility location on Speedway Blvd., near TMC and St. Joseph's Hospital.
  • Asking price: $399,000, with a pro-forma cap rate of 6.70% and NOI of $26,744. Current rent: $15.65/SF, modified gross.

Property Details for 1106 El Dorado Pl

Property type
Office properties, Medical offices
Square Feet
1,974 SF
Year Built
2004
Stories
1
Units
1

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.235881480268
Longitude
-110.85509953421
1106 El Dorado Pl, Tucson, Arizona

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1106 El Dorado Pl
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