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Aspen Ridge Medical Complex 5448 S White Mountain Rd 33,050 SF 100% Leased Office Building Show Low, AZ 85901 $12,000,000 ($363.09/SF) 7.18% Cap Rate



INVESTMENT HIGHLIGHTS
- Anchored by an AMSURG-operated multispecialty surgery center
- Built-in NOI growth through 3% annual rent increases and additional mark-to-market upside
- Situated in a thriving medical hub with limited competitive medical supply in the region
- Diverse medical specialties with embedded referral network
- Consistent tenant retention and longstanding occupancy
EXECUTIVE SUMMARY
Aspen Ridge Surgical & Medical Complex is a premier healthcare facility anchored by established, high-quality providers across multiple specialties. It serves as a vital hub for outpatient care and behavioral health services. Key tenants include:
Sunrise Surgical Center
Multi-specialty ASC, majority owned and operated by AMSURG, the third largest ASC in the United States. Ascension (the second-largest nonprofit health system in the country is scheduled to acquire AMSURG in Q1 of 2026.
Premier Mountain Imaging
Comprehensive imaging provider offering MRI, X-ray, CT, mammography, and more. Its services directly support the building’s specialty tenants and benefit from a built-in referral network.
COPA Health
Long-established regional 501(c)(3) with $70M in topline revenue delivering integrated primary care, behavioral health, therapeutic, and social services for individuals with developmental and behavioral challenges.
Located in the growing Show Low / Lakeside market—the primary medical hub for a trade area of 140,000+ residents—Aspen Ridge is positioned to capture strong and sustained healthcare demand. The region’s older demographic profile, scenic environment, and steady workforce migration from major metros reinforce its appeal as a resilient medical investment.
The property sits less than a mile from Summit Healthcare Regional Medical Center, the largest hospital in northeastern Arizona, and fronts White Mountain Blvd with exposure to more than 26,000 vehicles per day—providing exceptional visibility within the region’s dominant healthcare corridor.
Sunrise Surgical Center
Multi-specialty ASC, majority owned and operated by AMSURG, the third largest ASC in the United States. Ascension (the second-largest nonprofit health system in the country is scheduled to acquire AMSURG in Q1 of 2026.
Premier Mountain Imaging
Comprehensive imaging provider offering MRI, X-ray, CT, mammography, and more. Its services directly support the building’s specialty tenants and benefit from a built-in referral network.
COPA Health
Long-established regional 501(c)(3) with $70M in topline revenue delivering integrated primary care, behavioral health, therapeutic, and social services for individuals with developmental and behavioral challenges.
Located in the growing Show Low / Lakeside market—the primary medical hub for a trade area of 140,000+ residents—Aspen Ridge is positioned to capture strong and sustained healthcare demand. The region’s older demographic profile, scenic environment, and steady workforce migration from major metros reinforce its appeal as a resilient medical investment.
The property sits less than a mile from Summit Healthcare Regional Medical Center, the largest hospital in northeastern Arizona, and fronts White Mountain Blvd with exposure to more than 26,000 vehicles per day—providing exceptional visibility within the region’s dominant healthcare corridor.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
33,050 SF
Building Class
B
Year Built
1999
Price
$12,000,000
Price Per SF
$363.09
Cap Rate
7.18%
NOI
$861,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,525 SF
Building FAR
0.41
Lot Size
1.87 AC
Zoning
C-R - C-R
Parking
153 Spaces (4.63 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,361,715 | |
| Land Assessment | $36,383 | Total Assessment | $3,398,098 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$36,383
Improvements Assessment
$3,361,715
Total Assessment
$3,398,098
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Aspen Ridge Medical Complex | 5448 S White Mountain Rd
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