Fully Leased Medical Office Investment

2585 Miracle Mile Suite 120, Bullhead City, AZ 86442

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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

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.

We can help!

Contact an agent

Bret Isbell

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

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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.