Medical Office Investment
919 12th Pl Prescott, AZ 86305
919 12th Pl, Prescott, AZ, 86305
Contact for pricing
For Sale
Contact for pricing
Single tenant medical office condo with new 3-year lease.
Property Size2,000 SF
Price / SF$287.50
Days on Market618
Property Features for 919 12th Pl
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Office
Listing Agency
Better Homes and Gardens BloomTree Realty
(619) 997-3329
Listed by
Raymond Zogob · License #AZ SA553424000
Source
Crexi
Added: Nov 8, 2024 Checked: Jul 19 at 2:59 am
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 Better Homes and Gardens BloomTree Realty
Investment Insights
Based on property information with market context.
This 2,000 square foot medical office condo is available as a single tenant NNN investment opportunity. The property is currently leased to Nimbus Health under a new 3-year lease, which includes two 3-year renewal options with 4.0% annual rent increases. The office space is configured with 5 private exam rooms, two of which include sinks, a waiting and reception area, a nursing station, 2 provider offices, a kitchenette/breakroom, two restrooms, and a large storage room located below the unit with access from the rear entrance. The property benefits from a central location within the Prescott market and includes monument signage along 12th Place. It is situated just off Willow Creek Road, approximately two blocks north of Dignity Health YRMC Hospital west campus, within the Twelfth Place Medical Center. Ample on-site parking is available, shared in common with other professional offices in the complex, along with covered parking on the west side of the building. The property is intended for use as a medical office.
Key Highlights
- Single tenant nnn medical office investment
- New 3‑year lease with Nimbus Health and two 3‑year options
- 7.17% going‑in CAP rate
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.1k | $29.04 |
| − Vacancy | −$3.8k | −$1.89 |
| EGI | $54.3k | $27.15 |
| − OpEx | −$21.7k | −$10.86 |
| NOI | $32.6k | $16.29 |
2,000 SF · lease $29.04/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$465.5K
$407.3K – $543.1K
NOI $32,583 @ 7.0% cap · market cap 5.67%
Second Best
Office B
$415.5K
$363.6K – $484.8K
NOI $29,088 @ 7.0% cap · market cap 5.06%
Theoretical Best
Warehouse
$670.0K
$586.3K – $781.7K
NOI $46,900 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Horizon Dental Group ...
Dental Office
AZ Crown Center ...
Dental Office
Thomas Masters
Physician
Sein George MD
Physician
Todd Cox, DPM
Physician
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FAQs
What type of property is this?
Medical Office Space - Single tenant medical office condo with new 3-year lease.
Where is this medical office space located?
The property is located at 919 12th Pl Prescott, AZ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Single tenant nnn medical office investment; New 3‑year lease with Nimbus Health and two 3‑year options; **7.17% going‑in CAP rate**
