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2155 W State Route 89A - Plaza West 1,811 SF Medical Condo Unit Offered at $500,000 in Sedona, AZ 86336
INVESTMENT HIGHLIGHTS
- Beautiful Office Condo in the heart of West Sedona
EXECUTIVE SUMMARY
The two condominium units are units 205 and 206 which have been joined together and total approximately 1812 square feet. They are located in Plaza West which is a two story attractive brick multi-tenant office building which was built in 1984. The condominium units are leased to one tenant, Accord Hospice of Sedona Valley LLC, who has occupied the space since 2001. The premises is used as a office to administer their hospice business. Accord Hospice is in its 4th year in this location in its first option period which expires 4/30/26. There is one additional two year option to extend the lease at fixed increases. The annual rent as of 5/1/2025 is $31,340/yr. ($17.30/square foot). The lease is triple net with the tenant responsible for all expenses and the utilities which the lessee pays directly. Based on the listing price the capitalization rate is 6.25%.
DATA ROOM Click Here to Access
- Offering Memorandum
- Market Information
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Conferencing Facility
- Courtyard
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Outdoor Seating
- Air Conditioning
- Smoke Detector
1 UNIT AVAILABLE
Unit 205/206
| Unit Size | 1,811 SF | Cap Rate | 6.25% |
| Price | $500,000 | NOI | $31,250 |
| Price Per SF | $276.09 | No. Parking Spaces | 20 |
| Condo Use | Medical | Sale Conditions | 1031 Exchange |
| Sale Type | Investment | APN/Parcel ID | 406-36-024, 406-36-025 |
| Unit Size | 1,811 SF |
| Price | $500,000 |
| Price Per SF | $276.09 |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| NOI | $31,250 |
| No. Parking Spaces | 20 |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 406-36-024, 406-36-025 |
DESCRIPTION
This listing is for two suites in the Plaza West development. The suites have been conjoined into one large office. This property is great for an end user or for an investor that is looking for an income property. The Property Owners Association keeps the plaza tidy, the Restrooms clean, and the parking lot in tip top shape. You will love the Exposed beams, Quiet location in the development, and the Stellar views. This is a well lit safe plaza on the west end of town.
SALE NOTES
Prime investment opportunity, NNN leased
Presented by
2155 W State Route 89A - Plaza West
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