ARROWHEAD COMMONS FOR SALE MEDICAL / OFFICE CONDO N. 59TH AVENUE, GLENDALE, AZ MEDICAL OFFICE BROKERS TM

Transcription

1 FOR SALE MEDICAL / OFFICE CONDO ARROWHEAD COMMONS N. 59TH AVENUE, GLENDALE, AZ AARON KUHL AARON@ARIZONAMOB.COM ARIZONAMOB.COM MEDICAL OFFICE BROKERS TM

2 PROPERTY SUMMARY FOR SALE MEDICAL/OFFICE CONDO ARROWHEAD COMMONS N. 59TH AVENUE, GLENDALE, AZ CONDO SIZE 2,760SF OCCUPANCY 100% NET OPERATING INCOME $59,119 LEASE TERM 6 YEARS ANNUAL ESCALATIONS 3% MANAGEMENT FEE 3% PROPERTY FEATURES 100% Leased NNN medical office condominium Single Tenant Asset Tenant Improvements completed July building Class A Professional Condominiums 1/2 mile to Arrowhead Hospital 1/2 mile to Midwestern University 1 mile to Loop 101 Freeway 2.5 miles to Arrowhead Towne Center Mall 2.5 miles to Peoria Spring Training Facilities LOCATION & MARKET Arrowhead Commons is a collection of 15 Class A professional office condominiums. This is one of the only medical office complexes in the area that provides direct patient access to the buildings and for this reason is traditionally high occupancy and commands premium rents. Located in the heart of the Arrowhead Lakes community, near 59th Avenue and Union Hills the Property is less than 1/2 mile from Abrazo Arrowhead Hospital Campus boasting 217 licensed beds, 928 affiliated Physicians and utilizing advanced medical technologies. Arrowhead Hospital has received a hospital safety score of A five years in a row. Also within 1/2 mile is the $425m Midwestern School of Osteopathic Medicine, teaching 3,200 students in five colleges and fourteen fields of study.

3 FINANCIAL SUMMARY FOR SALE MEDICAL/OFFICE CONDO ARROWHEAD COMMONS N. 59TH AVENUE, GLENDALE, AZ FINANCIAL HIGHLIGHTS 100% Occupancy with Stable Tenant 7.0% CAP rate on existing revenue 3% Annual Increases ASKING PRICE $844,557 CAP RATE 7.0% PRICE PSF $306 PER SQUARE FOOT

4 AREA OVERVIEW ARROWHEAD COMMONS

5 AERIAL OVERVIEW ARIZONA STATE ROUTE 101 MIDWESTERN UNIVERSITY ABRAZO ARROWHEAD HOSPITAL ARROWHEAD COMMONS N. 59TH AVENUE, GLENDALE, AZ 85308

6 AERIAL OVERVIEW

7 TENANT PROFILES Adrienne Forstner-Barthell, M.D., F.A.C.S., F.A.S.C.R.S. Board Certified Colon and Rectal Surgeon Arizona Associated Surgeons offers the most advanced surgical and minimally invasive treatments for your personal health needs. Arizona Associated Surgeons was formed by a group of surgeons with the goal to provide expert care through evidence-based surgery, which integrates medical expertise, patient values, and the best proven data into the decision making process for each patient s care. Founded in 2010 and currently has 2 locations. Led by Dr. Adrienne Forstner-Barthell Website: Adrienne Forstner-Barthell, M.D., F.A.C.S., F.A.S.C.R.S. Board Certified Colon and Rectal Surgeon Michigan State University, 2016 Swedish Medical Center need date Board certified with the American Board of Surgery Dr. Forstner is a board-certified colon and rectal surgeon, who founded a thriving female colon and rectal practice after returning to the Valley in She received training at Mayo Clinic Scottsdale after attending medical school at the Mayo Clinic in Rochester, MN, and received her specialized surgical training with the Colon and Rectal Clinic of Orlando. She specializes in the treatment of colon and rectal and anal cancer, in particular the robotic and laparoscopic or minimally invasive surgical approaches to this disease. She helped to bring to the valley a revolutionary minimally invasive approach to rectal cancer resection, called Transanal Endoscopic Microsurgery. She performs screening colonoscopies and treats all forms of benign colon and anorectal disease - including anal pain, diverticulitis, hemorrhoids, fissure, fistulas, fecal incontinence, rectocele, rectal prolapse and constipation. She continues to pursue cutting edge approaches to issues such as robotic surgery and the sacral nerve stimulator for fecal incontinence. Dr. Forstner was chair of the Cancer Committee until it dissolved and participated in the Medical Executive Board at Banner Thunderbird Hospital from She is an adjunct professor for AT Still University and trains PA students for this school and for Midwestern. She is a Fellow of the American College of Surgeons and American Society of Colon and Rectal Surgeons. Dr. Forstner is also a member of the Society of American Gastrointestinal Endoscopic Surgeons. She is on staff at hospitals in Phoenix, Glendale, and Sun City/Peoria.

8 TENANT PROFILES Tafadzwa P. Makarawo, M.D., M.R.C.S.(ED) Board Certified Colon and Rectal Surgeon Arizona Associated Surgeons offers the most advanced surgical and minimally invasive treatments for your personal health needs. Arizona Associated Surgeons was formed by a group of surgeons with the goal to provide expert care through evidence-based surgery, which integrates medical expertise, patient values, and the best proven data into the decision making process for each patient s care. Founded in 2010 and currently has 2 locations. Led by Dr. Adrienne Forstner-Barthell Website: Tafadzwa P. Makarawo, M.D., M.R.C.S.(ED) Board Certified Colon and Rectal Surgeon U of Oklahoma Medical School Graduate 89 Board certified with the American Board of Surgery Dr. Makarawo is a colon and rectal surgeon with the Colon and Rectal Center of Arizona and he is board certified with the American Board of Surgery. Dr. Makarawo received undergraduate medical training and post-graduate surgical training in the United Kingdom prior to coming to the United States to complete general surgery residency in Michigan in Dr. Makarawo completed general surgery residency training at Michigan State University in Southfield, MI in 2016 and then completed colorectal surgery fellowship training at Swedish Medical Center in Seattle, WA. Dr. Makarawo is trained in minimally invasive abdominal surgery with a particular interest in colon and rectal cancer and diverticular disease. He is also fellowship trained in robotic surgery, having worked alongside some of the national forerunners in the application of this surgical modality for colorectal diseases. Dr. Makarawo also has interests in all aspects of benign anorectal disease, pelvic floor disorders including rectal prolapse, fecal incontinence, constipation and diagnostic endoscopy. Dr. Makarawo has extensive experience in clinical research, with multiple peer reviewed publications and national podium presentations to his credit. He also has experience in medical education as an invited speaker and instructor of students and clinical practitioners at multiple levels and from varied specialties.

9 PROPERTY PHOTOS MOB MEDICAL

10 FLOOR PLAN MOB MEDICAL

11 AARON KUHL ARIZONAMOB.COM DISCLAIMER Although the information furnished regarding property for sale, lease, or financing is from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of the information contained herein. It is submitted subject to errors, omissions, change of price, rental, or other conditions prior to sale, lease, or financing, or withdrawal without notice. If you have received this in error, please immediately notify me by reply and destroy the original transmission and its attachments without reading or saving in any manner. If anything in this references terms of a transaction, please note that nothing is binding until a contract is fully signed by all of the required parties. Thank you. MEDICAL OFFICE BROKERS TM 2018 MEDICAL OFFICE BROKERS