SimonMed Imaging | 8921 W Thomas Rd
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SimonMed Imaging 8921 W Thomas Rd
39,690 SF Office Building Phoenix, AZ 85037 £13,144,740 (£331/SF) 6.41% Net Initial Yield
Investment Highlights
- 9+ years remaining on an absolute NNN lease with 3% annual increases throughout initial term and options hedge investment against inflation
- The only SimonMed location in Arizona with warehouse space for repairs and maintenance of imaging equipment
- Strategically positioned directly across the street from Banner Estrella Hospital & Medical Center, 24 Hour ER & Level IV Trauma Center
- Mission critical to SimonMed’s Arizona operation, housing all HIPPAA required hard file data storage for all Arizona facilities, as well as the main c
- The subject property has been visited 60K times in the last twelve months (Placer.ai)
Executive Summary
An independent outpatient medical imaging provider with 8.8 years remaining, absolute NNN lease structure with 3%+ annual increases,
and management reimbursement. Located in Phoenix’s West Valley, directly across the street from Banner Estrella Medical and Surgery
Center, a major medical campus providing healthcare services to approximately 400,000 residents in a 5-mile radius.
and management reimbursement. Located in Phoenix’s West Valley, directly across the street from Banner Estrella Medical and Surgery
Center, a major medical campus providing healthcare services to approximately 400,000 residents in a 5-mile radius.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
39,690 SF
Building Class
B
Year Built/Renovated
2005/2018
Price
£13,144,740
Price Per SF
£331
Net Initial Yield
6.41%
NOI
£841,951
Tenancy
Single
Number of Floors
1
Typical Floor Size
39,690 SF
Building FAR
0.17
Land Acres
5.43 AC
Zoning
C-R
Parking
192 Spaces (5.1 Spaces per 1,000 SF Leased)
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 102-37-015 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £1,072,595 |
PROPERTY TAXES
Parcel Number
102-37-015
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,072,595
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Bryan Webb -
CP Partners
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SimonMed Imaging | 8921 W Thomas Rd
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