Property Listing No Longer Available for Sale

5700 E. Pima St., Tucson, AZ

Office for Sale - $2,500,000 - 20,337 Sq. Ft. on 2.23 acres


Property Info

CIMLS#1070103
Location
  5700 E. Pima St.
  Tucson AZ 85712
UpdatedSeptember 23rd, 2020
TypeOffice
Price$2,500,000
Building20,337 Sq. Ft.
Land2.23 acres

Property Description

Modern Medical Office Building located between two hospitals, Tucson Medical Center and Carondolet St. Joseph's Hospital. Remodeled in 2015 and several upgrades made in 2017. Parking lot just redone in first quarter 2018 as well as new Suite signage. This is currently 93% leased with an opportunity to upgrade to market rents as tenants roll over in the coming years (or an owner/user could take over a space as needed). Many long-term tenants. Proforma shows upwards of 8.1%++ CAP, which for medical office is excellent.


Financials