Fully Leased Medical Office Investment

2585 Miracle Mile Suite 120, Bullhead City, AZ 86442

View on Map

For Sale

Contact for pricing

Fully leased medical office space with stable, escalating income.

Type:Office, Retail

Property size:

2,000 SF

Price / SF:

$187/SF

We can help!

Contact for Pricing

Please call us for current price
and status of this listing

Bret Isbell

Real Estate License ID: AZ

HighLights

Fully leased medical office providing stable income.
Established Med/Spa tenant with a long‑term lease and annual rent escalations.
Located in Colorado Place, a professionally managed 100,000 sq ft mixed‑use property.
Located in the Central Business District of Bullhead City.
Multiple Exam Rooms (with sinks), 2 restrooms, Lab, and Breakroom.
Centered between Las Vegas, Phoenix, and Los Angeles with 5 million year‑round tourists.

Learn more

For Sale

Contact for pricing

Fully leased medical office space with stable, escalating income.

Type:Office, Retail

Property size:

2,000 SF

Price / SF:

$187/SF

Added:: Jan 22, 2024
Days on Market:: 896
Last Refresh:: Jul 2 at 5:58 am

Property Features for 2585 Miracle Mile Suite 120

General Information

Standard status: Active
Size: 2,000 SF
Property subtype: Office, Retail

We can help!

Contact an agent

Bret Isbell

Listing office Kidder Mathews

Listing date Jan 22, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews

HighLights

Fully leased medical office providing stable income.
Established Med/Spa tenant with a long‑term lease and annual rent escalations.
Located in Colorado Place, a professionally managed 100,000 sq ft mixed‑use property.
Located in the Central Business District of Bullhead City.
Multiple Exam Rooms (with sinks), 2 restrooms, Lab, and Breakroom.
Centered between Las Vegas, Phoenix, and Los Angeles with 5 million year‑round tourists.

Overview

This is an investment offering for a fully leased and built-out medical office. The established Med/Spa tenant has a successful business and is on a long-term lease with annual rent escalations. The space includes a reception/waiting/check-in area, multiple exam rooms with sinks, two restrooms, a lab, and a breakroom. Monument signage is available. The property is located within Colorado Place, a 100,000 sq ft professionally managed mixed-use property. It is the largest office property in the Central Business District of Bullhead City. The market is centered between Las Vegas, Phoenix, and Los Angeles, attracting 5 million year-round tourists seeking river recreation, warmer weather, and gaming.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$43.2k	$21.60
− Vacancy	−$2.8k	−$1.40
EGI	$40.4k	$20.20
− OpEx	−$16.2k	−$8.08
NOI	$24.2k	$12.12

2,000 SF · lease $21.60/SF/yr · vacancy 6.50% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$346.2K

$302.9K – $403.9K (±1% cap)

NOI $24,235 @ 7.0% cap · market cap 6.46%

Second Best

Office B

$316.9K

$277.3K – $369.8K (±1% cap)

NOI $22,185 @ 7.0% cap · market cap 5.92%

Theoretical Best

Office A

$446.5K

$390.7K – $521.0K (±1% cap)

NOI $31,258 @ 7.0% cap · market cap 8.34%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

North Country HealthCare ... Medical Clinic Real Estate & Mortgage ... Loan Service Sand Associates Tax Preparation Therese Moses - REALTOR Real Estate Agency Lori A. Linville-Petrik, PT Physician

Suggested Use

Location Insight

Map
Local Demand

City: Bullhead City
County: Mohave
State: Arizona
Longitude: -114.5969497
Latitude: 35.0926412

Nearby Similar for Sale

$134,000

750 SF

Climate Controlled Storage Condo Unit

Climate controlled storage condo with utilities, a 14-foot overhead door, and 50-foot concrete drive lanes for easy access.

2599 E Laughlin Ranch Blvd, Bullhead City, AZ 86429

View Details
$205,000

990 SF

Climate-Controlled Storage Unit

Climate-controlled storage condo with private bathroom, epoxy floors, and 30 AMP power for RV, boat, or equipment storage.

2599 E Laughlin Ranch Blvd, Bullhead City, AZ 86429

View Details
$167,000

1,190 SF

Pull-Through Storage Condo

Pull-through storage condo with electric, water, and sewer, plus secure access and overhead doors for easy vehicle handling.

2599 E Laughlin Ranch Blvd, Bullhead City, AZ 86429

View Details
$569,900

Gated Industrial Yard with Buildings

C3-zoned property with a fenced, gated yard, private well and sewer, and three buildings for flexible industrial use.

1405 Silver Creek Road, Bullhead City, AZ 86442

View Details
$549,000

3,000 SF

Freestanding Retail Pad with Drive-Through

Freestanding drive-through retail pad off Highway 95, positioned in a high-traffic corridor near national tenants.

2179 Az-95, Bullhead City, AZ 86442

View Details
$350,000

3,008 SF

Freestanding Auto Shop

Former auto shop in a high-traffic area, offering a ready-built option for automotive-oriented operators.

1591 Ramar Rd, Bullhead City AZ USA, AZ 86442

View Details
$499,000

734 SF

Bullhead City Fourplex Investment

Fully occupied fourplex in Bullhead City near Colorado River.

793 Baseline Road, Bullhead City, AZ 86442

View Details
$525,000

Well-Maintained Fourplex Near Colorado River

Fourplex in Bullhead City near the Colorado River.

2146 Riviera Boulevard, Bullhead City, AZ 86442

View Details
$799,850

Townhome-Style Multifamily Quadplex

Four-unit income property with two-car detached garages, fenced backyards, and laundry hookups for each unit.

2394 N MOHAVE RIDGE Avenue, Bullhead City, AZ 86429

View Details
$86,000

630 SF

Secure Storage Unit with Overhead Door

Secure storage with electric, water, and sewer, plus a 14-foot overhead garage door for convenient vehicle and equipment storage.

2599 E Laughlin Ranch Blvd, Bullhead City, AZ 86429

View Details
$76,000

560 SF

Storage Condo with Overhead Door

560 sq. ft. storage condo with utilities and an automatic 14-foot overhead garage door for vehicle and equipment storage.

2599 E Laughlin Ranch Blvd, Bullhead City, AZ 86429

View Details
$88,000

560 SF

Self-Storage Unit with Man Door

Versatile storage unit with electric, water, and sewer, plus a man door for daily access without the overhead door.

2599 E Laughlin Ranch Blvd, Bullhead City, AZ 86429

View Details

For sale
Medical Office Space
AZ
Bullhead City
86442
2585 Miracle Mile Suite 120

What type of property is this?

Medical Office Space - Fully leased medical office space with stable, escalating income.

Where is this medical office space located?

The property is located at 2585 Miracle Mile Suite 120 Bullhead City, AZ.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Fully leased medical office providing stable income.; Established Med/Spa tenant with a long‑term lease and annual rent escalations.; Located in Colorado Place, a professionally managed 100,000 sq ft mixed‑use property.