SoJo Health Center is a fully medical, neighborhood-serving office asset positioned for near-term stabilization. The property is currently anchored by long-standing medical tenants on 10-year NNN leases with annual 3% escalations, providing durable in-place cash flow and strong credit fundamentals.
The remaining suites are in the final stages of lease negotiation, bringing the property to 100% occupancy at market rents. Upon stabilization, the asset offers a compelling blend of predictable income, medical tenancy, and upside protection through contractual rent growth.
Construction on Bangerter Highway has been completed, providing immediate freeway access and significantly improved ingress and egress to the property, further enhancing tenant appeal and long-term marketability.
At full lease-up, the property is projected to generate approximately $299,000 in NOI, supporting a competitive going-in cap rate relative to comparable stabilized medical assets.