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30907084
30907083

2940 E Main St, Mesa, AZ 85213

CB
Fl SL3424071
Marcus & Millichap - Orlando
SK
FL FL SL3508957
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$1,852,900
108 days on market
Updated 10 days ago

Community Medical Services

Details
Property Type Office
Sub Type Medical Office
Square Footage 5,356
Units 1
Cap Rate 7.25%
NOI $134,335
Occupancy 100%
Tenancy Single
Brand/Tenant Community Medical Services
Lease Type NNN
Lease Term 10.3
Lease Expiration 01/24/2029
Remaining Term 2.6
Rent Bumps Yes
Lease Options (2) 5 Year Options
Price per SqFt $346
Year Built 1976
Buildings 1
Stories 1
Acreage 1.980
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/25/2018

Office | 7.25% CAP | 5,356 SqFt

Investment highlights

• Triple Net Lease with Limited Landlord Responsibilities

✓ LL Only Responsible for Roof Repair Over $2,500 Annually

• Strong Historical Occupancy and Commitment from Tenant

✓ Tenant has Occupied for 7 Years

• Backyard Location for Tenant in Home Market

✓ Community Health Centers is Headquartered in Phoenix, Arizona

• Growing Industry and Growing Tenant

✓ Community Health Centers has More Than 70 clinics Across Multiple States

✓ Feeder Location for Country’s First 24-hour Opioid Treatment on Demand (OTOD) Center Located in Phoenix, Arizona

• Accessible Location on E Main Street with Ample Parking

✓ Average Daily Traffic Counts Exceeding 16,000+ VPD

• Dense and Growing Population in Immediate Area

✓ Over One Million People in 10 Mile Radius with Projection for 2.6% Growth by 2030

Listing Contacts

CB
Fl SL3424071
Marcus & Millichap - Orlando
SK
FL FL SL3508957
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$134,335.00
$11,194.58/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Ryan Sarbinoff
License
AZ BR675146000
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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