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100% Occupied-2 Tenant Medical Building
NNN Medical Office Building in Prescott, AZ
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Investment Highlights
- 67% Occupied by a Hanger Prosthetics (NASDAQ: HGR)
- Hanger recently renewed for 5 additional years
- Built in 2004
- Located adjacent to Yavapai Regional Medical Center
- Priced at $1,250,000 or $251/sf: Below Replacement Cost
- 7.16% True CAP Rate with upside
- 8.5% Cash-on-Cash return
- Building recently repainted in 2015
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Prescott Medical is a Fully Occupied, 2 tenant medical building for sale in Prescott, AZ. Both tenants have occupied the property since the property was built in 20014.
Hanger Prosthetic is a publicaly traded, credit tenant. They recently renewed for an additional 5 years showing the strength of the business and of the area.
The surrounding area has very little opportunity for new supply making Prescott Medical an infill property within the Prescott Market.
Yavapai Regional Medical Center is an extremely successful hospital that has been awarded one of Arizona's top Hospitals by US News & World Report in 2015.
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