337 E Coronado Rd - Medical FOR SALE


Phoenix, AZ 85004- Encanto
$6,305,000 USD
702-595-8765
337 E Coronado Rd, Phoenix, AZ for Sale
$6,305,000 USD
Medical - FOR SALE
1/5
null | 6.35% Cap Rate

337 E Coronado Rd
Phoenix, AZ 85004
Encanto


HIGHLIGHTS

  • ANCHORED BY DAVITA, A FORTUNE 500 CREDIT TENANT: The ground floor is leased to Southwest Kidney in a joint venture with DaVita Dialysis Partners.
  • LONG-TERM LEASES IN PLACE: Property is fully leased to two established medical tenants, generating durable healthcare-driven cash flow.
  • PURPOSE-BUILT, COSTLY-TO-REPLICATE MEDICAL FACILITY: Constructed as a build-to-suit for DaVita in 2006, the Property offers a medical buildout.
  • CONVENIENT, EASY ACCESS: It sits just a few blocks north of Interstate 10's 3rd Street and 7th Street interchanges.
  • PREMIER MIDTOWN MEDICAL CORRIDOR LOCATION: Conveniently located close to an established medical corridor.

OVERVIEW

337 E. Coronado Rd. is a ±17,979 SF, two-story multi-tenant medical office building situated on ±1.13 acres in the heart of Phoenix's Midtown submarket. Constructed as a build-to-suit for DaVita in 2006, the Property features a purpose-built medical layout with extensive plumbing and mechanical systems engineered for healthcare use. The Property is strategically positioned just off the interchange of Interstate 10 (±118,505 VPD), 7th Street (±42,247 VPD), and 3rd Street (±15,697 VPD), providing exceptional regional access within on of Metropolitan Phoenix's most established medical corridors, home to St. Joseph's Hospital (595 beds) and Banner University Medical Center (746 beds). The Property is 100% leased to two medical medical tenants, DaVita on the ground floor and Recovia on the 2nd floor.Southwest Kidney DaVita Dialysis Partners LLC is a joint-venture business entity co-owned and operated as a strategic partnership between DaVita Inc., a Fortune 500 credit tenant (NYSE:DVA), and the Phoenix-based private nephrology practice Southwest Kidney Institute (SKI) to provide localized dialysis and kidney care services across Arizona. Recovia is a leading interdisciplinary chronic pain and dependency recovery provider with multiple clinical offices in Phoenix and Tucson.

FOR SALE DETAILS

PRICE

$6,305,000 USD

PRICE/SF

$351 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

C-O, Phoenix

APN/PARCEL ID

118-54-024

ASK ABOUT THIS PROPERTY

Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

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Cathy JonesLogic Commercial Real EstateMore Info
702-595-8765

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.