6560 Carondelet DrTucson, AZ 85710

Property Details for 6560 Carondelet Dr

Year built

1977

Construction

FRAME

Lot size

0.04 AC

Property size (Sq ft)

2,112 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

133-17-0300

APU

133170300

Description

This exceptional investment opportunity presents a single-story, 2,112 square foot medical office building in Tucson, Arizona. Located at 6560 E Carondelet Dr, 85710, this property boasts a strong 6.50% cap rate and a Net Operating Income (NOI) of $42,871. Built in 1977, the building is currently occupied under a new, triple-net (NNN) lease commencing August 2024 and extending through July 2029, featuring 3% annual rent increases. The tenant, Advanced Pain Management, is responsible for all repairs and expenses, including HVAC. Common area maintenance is handled by a homeowner's association. The asking price is $659,555, translating to $312.29 per square foot. This property is part of a larger portfolio of seven properties available for individual or combined purchase. The property's prime location in Tucson offers convenient access to major roadways, Downtown Tucson, and the University of Arizona, surrounded by a thriving mix of restaurants and retail establishments. The property's APN is 133-17-028, 133-17-029. This is a compelling investment opportunity in a desirable Tucson location with a secure, long-term lease.

• CAP approach

  CAP return

  Valuation

  6%

  $209,265

  6.5%

  $193,168

  7%

  $179,370

• Comparable approach

  Method

  Valuation

  Relative Method

  $351,437

  Geo Method

  $351,437

• Alternative Use

  Use

  Valuation

  Residential

  $239,528

  Hospitality

  $219,407

  Educational

  $182,544

  Medical

  $188,822

  Retail

  $283,957

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.225

Longitude

-110.852

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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