Arizona Medical Office & Surgery Center Portfolio
9-Property Medical Office & Surgery Center Portfolio | 10-Yr NNN, Corporate Guaranteed | 7.0% Cap"
Marketing description
11323 W. Bell Rd., Surprise — Single tenant medical office, ideal NNN entry point; no association requirements, growing West Valley corridor.
535 E. McKellips Rd Bldg 3., Mesa — Purpose built ASC reflecting specialized surgical construction; fee simple, low-management East Valley healthcare investment.
1653 E. McMurray Blvd. Bldg K, Casa Grande — Modern ASC condo serving the expanding Pinal County corridor between Phoenix and Tucson.
9150 W. Indian School Rd STE 118., Phoenix — Medical office condo on the Indian School corridor with strong residential access; stable NNN profile.
202 E. Earll Dr. STE 360, Phoenix — Central Phoenix medical condo near the established hospital district; strong surrounding medical infrastructure.
604 W. Warner Rd., Chandler — Medical office condo in one of the metro's fastest growing, highest income submarkets.
5060 N. 19th Ave. STE 317, Phoenix — 54,777 SF with a 2018 renovation, centerpiece central Phoenix healthcare asset.
14804 N. Cave Creek Rd., Phoenix — Large medical office with strong visibility on Cave Creek Rd; suited to a single asset healthcare buyer.
412 Whipple St., Prescott — providing the portfolio's only northern Arizona exposure, adding geographic diversification.
Investment highlights
Bellagio Real Estate is pleased to present a rare opportunity to acquire a nine property medical office and surgery center portfolio totaling 135,961 square feet across the Greater Phoenix metropolitan area. Priced at $61,390,000 and offered at a 7.0% cap rate, the portfolio delivers institutional quality healthcare real estate with geographic diversification across some of Arizona's fastest-growing submarkets including Phoenix, Chandler, Mesa, Surprise, Casa Grande, and Prescott.
Healthcare real estate continues to attract strong investor demand for its recession resilient fundamentals, long term tenancy, and the durable demographic tailwinds of the Phoenix metro, one of the nation's leading destinations for population and healthcare sector growth. This portfolio offers a buyer the opportunity to acquire scale in a single transaction, with the flexibility to hold as a diversified portfolio or reposition individual assets.
Investment Highlights
- 10-year, corporate-guaranteed NNN cash flow priced at a 7.0% cap rate
- 100% medical/healthcare occupancy across all nine properties, no re-tenanting or use-conversion risk
- Geographically diversified across four Arizona submarkets (Phoenix metro, Chandler, Casa Grande, Prescott), reducing single market exposure
- Mix of asset types - six medical office buildings and three ambulatory surgery centers, giving a buyer exposure to both stabilized MOB income and higher barrier to entry ASC real estate
- Range of entry points - assets from 4932 SF to 54,777 SF, suitable for a full portfolio buyer or potential sub group/individual sale
- Available as a portfolio or on an individual asset basis
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