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Wetmore Medical Plaza

698 E Wetmore Road
Tucson, AZ 85705
Availability: Price:$4,600,000 Size:31,944 SF
Shipping: Marcus & Millichap is pleased to present Wetmore Medical Plaza
Pricing: $0.00
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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 is pleased to present the Wetmore Office Plaza located at 698 East Wetmore Road. This medical office building is located at the base of the Catalina Foothills in the Tucson, Arizona MSA. The subject property is a 31,944-square foot, off-campus MOB.

The building was originally constructed in 1984 and resides on a large signalized corner with a traffic count of 50,981. The project is anchored by Barnet Dulaney Perkins Eye Center (28%) and Dermatology & Plastic Surgery of Arizona (10%), which both have leases running into 2022. In addition to the main medical office tenants, there is a long term lease in place with a law firm, Goldberg & Osborne (19%), through November 2021.

The Catalina Foothills, a very affluent area, has the 14th highest per capita income in the United States. The building has very little short term rollover and offers attractive staggered lease expirations. The 90% current occupancy offers an investor stable income and makes this an extremely desirable investment.

Features

  • Off-Campus, Multi-Tenant, 31,944-Square Foot Medical Office Building
  • 39% Leased to an Eye Surgery Center & a Dermatology/Plastic Surgery Tenant Until 2022
  • Located at the Base of the Catalina Foothills - 14th Highest Per Capita Income in the U.S.
  • Stabilized Investment - 90 Percent Occupancy

Sales Price

$4,600,000

Net Rentable Area

31,944 SF

Cap Rate

7.51%

Year Built

1984

Details

  • 22932247
  • Office
  • Price:$4,600,000 Size:31,944 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to present Wetmore Medical Plaza

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