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3124 Willow Creek Road - Thumb Butte Medical Center, Prescott, AZ

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3124 Willow Creek Road - Thumb Butte Medical Center

Prescott, AZ 86301-6610

(3.0 MB)

Property Type:Office Sub Type:Medical Status:Existing Year Built:2016
Stories:2 Typical Floor:- Building Size:12,000 SF
For Sale Price:$5,143,000 Price/SF:$428.58
Cap Rate:7.00 %
Parking:80 Surface spaces are available; Ratio of 6.67/1,000 SF Amenities:Signage

Sale Notes:
CBRE Phoenix Investment Properties has been retained by the owner on an exclusive basis with respect to the disposition of Thumb Butte Medical Center (the “Property”) that is comprised of approximately ±12,000 square feet of newly constructed Class-A medical office space and is located at 3124 Willow Creek Road in Prescott, Arizona.
This Investment Opportunity features 7-year leases on a brand-new, two-story, state-of-the-art medical office facility, fully leased to two successful medical tenants: Thumb Butte Medical Center, PLLC (Multispecialty Group Practice) and Ali Askari, MD PC (Cardiology).
Thumb Butte Medical Center, PLLC, will be occupying the entire 8,000 square foot first floor which includes 30 exam rooms, 7 restrooms, an employee lounge, pharmacy, waiting room, doctor offices, and a Medical Assistant room. This group has been practicing in Prescott for approximately 9 years and is relocating from a building just up the road with multiple doctors on staff specializing in: Internal Medicine, Orthopedics, Podiatry, Rheumatology, Neurology, and Gastroenterology. On the second floor, Ali Askari, MD PC will be occupying the entire 4,000 square foot area which includes 8 exam rooms, a reception area, a doctor’s office, a Nuclear Room and an ECO room for his cardiology practice, which works closely with the physicians of Affiliated Cardiologists of Arizona.
The Property is conveniently located at the signalized intersection of Willow Creek Road and Montana Drive which features approximately ±33,000 vehicles per day. As Prescott continues to see steady population growth from the baby-boomer generation, demand for conveniently located healthcare services will undoubtedly rise as its aging population enters into their retirement years. The Property is positioned perfectly in the high growth corridor of Prescott, AZ with close proximity to the area’s major employers, housing and its growing amenity and retail base. This Investment Opportunity features long-term 7-year leases with 3% annual increases on both leases.

Andrew Fosberg
(602) 735-1723

Dylan Brown
(602) 735-1714

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