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Medical Office Building Investment

999 Division St, Prescott, AZ 86301

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For Sale

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Single-tenant medical office building near Dignity Health hospital.

Type:Office

Property size:

4,922 SF

Price / SF:

$344/SF

HighLights

Net Leased Investment with a strong 7.1% CAP Rate and annual CPI increases.
Single Tenant Medical Office Building, conveniently adjacent to Dignity Health hospital.
Leased to Arizona Neurosurgery & Spine until 12‑31‑26.
Recently renovated and in excellent condition.
First floor features multiple exam rooms with sinks, provider offices, a surgical room, and dedicated surgical entrance.
Second floor offers additional office space available for lease or owner use.

We can help!

Listing Contact

Raymond Zogob

For Sale

Contact for pricing

Single-tenant medical office building near Dignity Health hospital.

Type:Office

Property size:

4,922 SF

Price / SF:

$344/SF

Added:: Jun 25, 2024
Days on Market:: 720
Last Refresh:: May 12 at 9:17 pm

Property Features for 999 Division St

General Information

Standard status: Active
Size: 4,922 SF
Property subtype: Office

Building Details

Year Built: 1988

We can help!

Listing Contact

Raymond Zogob

Listing agent Raymond Zogob License #AZ SA553424000

Listing office Better Homes and Gardens BloomTree Realty

Listing date Jun 25, 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 Better Homes and Gardens BloomTree Realty

HighLights

Net Leased Investment with a strong 7.1% CAP Rate and annual CPI increases.
Single Tenant Medical Office Building, conveniently adjacent to Dignity Health hospital.
Leased to Arizona Neurosurgery & Spine until 12‑31‑26.
Recently renovated and in excellent condition.
First floor features multiple exam rooms with sinks, provider offices, a surgical room, and dedicated surgical entrance.
Second floor offers additional office space available for lease or owner use.

Overview

This single-tenant medical office building is a net-leased investment opportunity located adjacent to the Dignity Health hospital’s west campus in Prescott, Arizona. The 4,922-square-foot building is currently leased to Arizona Neurosurgery & Spine. The lease commenced on January 1, 2022, and expires on December 31, 2026. Originally constructed in 1988, the building has been recently renovated and is in excellent condition. The main level features approximately 4,000 square feet and includes 5 exam rooms with sinks, 3 provider offices (convertible into additional exam rooms), 1 large surgical room, 3 surgical prep rooms, a separate lobby and entrance for surgical procedures, 2 nursing stations, a manager's office, a large waiting room and reception desk, a stacked washer/dryer room, 2 storage rooms, 2 restrooms, and a private outside patio area. The second floor, approximately 920 square feet, offers additional office space in a large open bullpen area, a kitchen breakroom with a sink and built-in countertops, and a separate restroom. There are 24 on-site parking spaces. The tenant currently leases only the first-floor space, while the second-floor space is available for lease or use by the future building owner. The property is offered with a going-in CAP Rate of 7.1% and annual CPI increases.

Property Profile Location Intelligence

Current Use by Public Records

Prescott Family Practice Medical Clinic AZ Neurosurgery and Spine ... Physician GF Medical Medical Clinic Thresiamma Anthony Physician

Suggested Use

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Location Insight

Map
Local Demand

City: Prescott
County: Yavapai
State: Arizona
Longitude: -112.4788063
Latitude: 34.5595686

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For sale
Medical Office Space
AZ
Prescott
86301
999 Division St

What type of property is this?

Medical Office Space - Single-tenant medical office building near Dignity Health hospital.

Where is this medical office space located?

The property is located at 999 Division St Prescott, AZ.

What is the asking price?

The asking price for this property is $1,695,000.

What are key features of this property?

This property features: Net Leased Investment with a strong 7.1% CAP Rate and annual CPI increases.; Single Tenant Medical Office Building, conveniently adjacent to Dignity Health hospital.; Leased to Arizona Neurosurgery & Spine until 12‑31‑26.