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LeCota 2 Office Properties in Phoenix, AZ
INVESTMENT HIGHLIGHTS
- Diverse Tenant Base: No single tenant exceeds 8% of the rent roll, reducing rollover risk and ensuring consistent income.
- A weighted average lease term (WALT) of 3.8 years and a desirable average tenant size contribute to low tenant turnover and stable cash flow.
- Strong surrounding demographics promoting high population growth.
EXECUTIVE SUMMARY
Kidder Mathews, as exclusive advisor, is pleased to present the unique opportunity to acquire the fee simple interest in LeCota (the “Property”), a stabilized ±84,658-square-foot multi-tenant office/medical campus situated along Bell Road in North Phoenix.
The Property offers an attractive mix of diverse medical and professional tenancy, with a Weighted Average Tenant Tenure of nearly 9 years. Benefiting from a ~92.4% occupancy rate across 40 tenants, the campus provides immediate cash flow while still leaving room for further lease-up and medical conversion opportunities.
LeCota is ideally positioned in the high-demand Deer Valley submarket, with immediate access to the Loop 101, I-17, and SR-51 freeways. This strategic location delivers excellent regional connectivity and visibility, courtesy of strong daily traffic counts along Bell Road. Anchored by leading healthcare facilities, robust population growth, and a highly skilled workforce, North Phoenix continues to attract a diverse array of users.
The Property offers an attractive mix of diverse medical and professional tenancy, with a Weighted Average Tenant Tenure of nearly 9 years. Benefiting from a ~92.4% occupancy rate across 40 tenants, the campus provides immediate cash flow while still leaving room for further lease-up and medical conversion opportunities.
LeCota is ideally positioned in the high-demand Deer Valley submarket, with immediate access to the Loop 101, I-17, and SR-51 freeways. This strategic location delivers excellent regional connectivity and visibility, courtesy of strong daily traffic counts along Bell Road. Anchored by leading healthcare facilities, robust population growth, and a highly skilled workforce, North Phoenix continues to attract a diverse array of users.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Under Contract | Total Building Size | 84,900 SF |
| Number of Properties | 2 | Total Land Area | 6.90 AC |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 84,900 SF |
| Total Land Area | 6.90 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 706 E Bell Rd, Phoenix, AZ 85022 | Office | 52,884 SF | 1985 | - |
| 702 E Bell Rd, Phoenix, AZ 85022 | Office | 32,016 SF | 1985 | - |
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