Pima Medical - Sale

5700 E. Pima St. Tucson, AZ 85712

5700 E. Pima St., Tucson, AZ, 85712
5700 E. Pima St., Tucson, AZ, 85712 5700 E. Pima St., Tucson, AZ, 85712 5700 E. Pima St., Tucson, AZ, 85712 5700 E. Pima St., Tucson, AZ, 85712 5700 E. Pima St., Tucson, AZ, 85712 5700 E. Pima St., Tucson, AZ, 85712 5700 E. Pima St., Tucson, AZ, 85712 5700 E. Pima St., Tucson, AZ, 85712
FOR SALE
Property Type:
Medical/Healthcare
Amount:
$2,700,000
Last Verified:
Jan 12, 2018

Highlights

  • 20,337 sf medical building
  • 2.23 Acres
  • Modern Medical Office Building
  • Located between two hospitals
  • Ample parking
  • Remodeled in 2015

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 being redone in first quarter 2018 as well as new Suite signage. This has recently been 100% leased and there is one sublease that offers an owner-user up to 10,774 SF if you combine the space that just expired Jan. 1st. Proforma shows upwards of 7-7.5%++ CAP, which for medical office is excellent.

This modern, move-in ready medical office suite is ideally located in a medical office building known as Pima Medical Center located between two hospitals, has ample parking with similar tenants.  Possible exterior fenced patio that could serve as a playground available.

Located on Pima Street east of Craycroft, between Tucson Medical Center and Carondolet St. Joseph's Hospital

Building Size: 20337.0sq ft
Building Class: B
Lot Size: 2.23 acres

Map of 5700 E. Pima St., Tucson, AZ, 85712

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.