Log In/Sign Up
Your email has been sent.
337 E Coronado Rd 17,979 SF 100% Leased Office Building Phoenix, AZ 85004 $6,305,000 ($350.69/SF) 6.35% Cap Rate
Investment 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.
- PURPOSE-BUILT, COSTLY-TO-REPLICATE MEDICAL FACILITY: Constructed as a build-to-suit for DaVita in 2006, the Property offers a medical buildout.
- PREMIER MIDTOWN MEDICAL CORRIDOR LOCATION: Conveniently located close to an established medical corridor.
- LONG-TERM LEASES IN PLACE: Property is fully leased to two established medical tenants, generating durable healthcare-driven cash flow.
- CONVENIENT, EASY ACCESS: It sits just a few blocks north of Interstate 10's 3rd Street and 7th Street interchanges.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
17,979 SF
Building Class
B
Year Built
2006
Price
$6,305,000
Price Per SF
$350.69
Cap Rate
6.35%
NOI
$400,350
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,990 SF
Building FAR
0.37
Lot Size
1.13 AC
Zoning
C-O, Phoenix
Parking
80 Spaces (4.5 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 118-54-024 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $351,892 |
Property Taxes
Parcel Number
118-54-024
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$351,892
Contacts
-
Cathy Jones -
Paul Miachika -
Allyson Weber -
Blaze Katz -
Kimberly Boyle -
Logic Commercial Real Estate
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
