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300 South Phelps Drive
Apache Junction, AZ 85120
Asking Price
$3.50M
Cap Rate
6.27%
Asset Type
Medical Office Office
Class
Class B
What's Special
Office | 6.27% CAP | 6,054 SqFt <ul><li>9 Years Remaining on Original 15 Year Lease</li><li>Remodeled to Tenants Specifications in 2020</li><li>Total Hard Cost of Renovation Over $800,000 Including New Roof, HVAC and Parking Lot</li><li>Tenant Improvement Contribution over $150,000</li><li>Annual 2.5% Rental Increases</li><li>Strategically Located Offering Access to Underserved Populations | Market Leading Provider for Value-Based Primary Care</li><li>Operating Practice Acquired by VillageMD in 2021</li><li>Village MD
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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084