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Banner Health - Tucson, AZ

535 N Wilmot Road
Tucson, AZ
Availability: Price:$7,450,000 Size:39,577 SF
Shipping: Marcus & Millichap’s Healthcare Real Estate Group is pleased to present the Banner Health Single-Tenant Medical Office Building located in Tucson, Arizona.
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Description





Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

DAVID BENJAMIN | Associate


Member: National Healthcare Group
License: CA 01934605
Dir: (858) 373-3165
Cell: (303) 386-5291
david.benjamin@marcusmillichap.com

Description

Marcus & Millichap’s Healthcare Real Estate Group is pleased to present the Banner Health Single-Tenant Medical Office Building located in Tucson, Arizona.

The offering is a single-tenant, 39,577-square-foot medical office building located at 535 North Wilmot Road in Tucson, Arizona. Originally constructed in 1991, then renovated in 2003, this building is 100 percent occupied by Banner Health. The subject property is strategically located adjacent to the 449-bed Carondelet St. Joseph’s Hospital. Along with the offering is a separate parcel of land that provides the ability to develop an additional single tenant pad.

Banner conducts two practices within the facility. The second floor is occupied by Banner – University Medicine Whole Health Clinic. The Whole Health Clinic aims to provide a wide range of comprehensive and integrated services to address the whole-health needs of individuals with mental illness. The ground level is occupied by Banner Diamond Children's Multispecialty Services (Formerly University Physicians). Acquired by Banner Health in 2015, University Physicians offers quality, multidisciplinary care for everything from the common to the complex for infants through teens.

The subject property is located at the base of the Catalina Foothills, an affluent area, which has the 14th highest per capita income in the United States. With a national credit rated tenant, a strategic location adjacent to Carondelet St. Joseph’s Hospital and additional development opportunity, this offering presents an investor a rare, attractive investment.

Features

  • 39,577-Square-Foot, Single-Tenant, Medical Office Building
  • Occupied by AA- Credit Rated Banner Health
  • Adjacent to the 449-bed Carondelet St. Joseph’s Hospital
  • Expansive 5.12 AC Lot with Room for Potential Development for a Single Tenant Pad
  • Located at the Base of the Catalina Foothills - Which Has the 14th Highest Per Capita Income in the United States

Offering Price

$7,450,000

Net Rentable Area

39,577 SF

Price Per SF

$188.24

Cap Rate

7.29%

Land Area

5.12 AC

Details

  • 22932244
  • Office
  • Price:$7,450,000 Size:39,577 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap’s Healthcare Real Estate Group is pleased to present the Banner Health Single-Tenant Medical Office Building located in Tucson, Arizona.

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