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    2260 Orange Grv Rd Tucson, AZ 85741-3117
    Property profile & analytics

    2260 Orange Grv Rd Tucson, AZ 85741-3117


    • Medical Office Space
    • 9,065 SF
    • 1.38 lot acres
    Off-Market
    Last Sale Sep 5, 2024
    $3,900,000
    Property ID
    US07-0141633
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arizona Urology Specialists - Northwest / Physician / Medical Clinic
    • David Killion / Physician / Medical Clinic
    • Monica Mettille, PA - Arizona Urology Specialists / Physician / Medical Clinic
    • Jenna Bumgardner, PA - Arizona Urology Specialists / Physician / Medical Clinic
    • Karen Wheeler, M.D., Ph.D. - Arizona Urology Specialists / Physician / Medical Clinic

    Property Details for 2260 Orange Grv Rd

    Year built
    2004
    Construction
    FRAME
    Lot size
    1.38 lot acres
    Property size
    9,065 SF
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    101-01-003M
    APU
    10101003M

    Description

    This exceptional investment opportunity presents a 9,065-square-foot medical office building in Tucson, Arizona. The property, built in 2004 and situated on a 1.38-acre lot at 2260 W Orange Grove Rd, 85741, is currently 100% occupied by United Urology under a triple-net (NNN) lease with a corporate guarantee. The lease commenced January 1, 2021, and has a remaining term of 6.3 years, extending to February 28, 2031, with two 3-year renewal options. The current annual base rent is $276,834, with a 2% annual increase effective January 1st of each year. The asking price is $4,095,440, representing a 7.50% capitalization rate and a price per square foot of $451.79. The property boasts a strong location in a medical corridor, less than one mile from Northwest Medical Center, a facility with over 253 staffed beds. Further enhancing the investment potential, the property has the potential for additional income from solar power, averaging approximately $2,400 per month in additional revenue. The tenant pays the buyer at the utility charge rate, and the buyer pays the excess power not covered by the solar panels. This presents a stable, high-yield investment with significant upside potential. The property is classified as Class B.


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    Location Insight

    • Map
    • Local Demand
    City
    Tucson
    County
    Pima
    State
    Arizona
    Longitude
    -111.015
    Latitude
    32.3237
    CBSA code
    46060
    CBSA name
    TUCSON, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,318
    $97,696
    $206,633
    $304,329
    -
    $542,754
    $1,147,959
    $1,690,713
    More about this property
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