MEDICAL 38 - 40TH STREET MEDICAL PLAZA

 OrbVest Global Real Estate
 Investment Opportunity

OrbVest is pleased to present 40th Street Medical Office Plaza. This well-maintained Class B medical office property is located in the high growth area of the Phoenix MSA. The property totals 41,703 SF and has a current occupancy of 77.4%, representing a great opportunity to acquire a value-add medical office asset in one of the fastest-growing MSAs in the US.

40th Street Medical Plaza is a garden-style medical office property located in the Paradise Valley submarket of Phoenix. The property is situated on 2.9 acres of land and is approximately 41,703 SF. This deal consists of three, two-story buildings that are home to a healthy mixture of medical providers that include clinical space for a large general, laparoscopic, and vascular surgical practice group, cardiothoracic, general family practice, internal medicine, wellness center, among others.

This well-located medical office property offers immediate access to a major medical campus and 40th Street, which has easy access to Loop 101 and Highway 51 via Bell Road. There is easy circulation on site, along with ample parking including covered options to meet tenants needs. All entrances are conveniently accessed via a well landscaped interior courtyard. Recent renovations create a fresh, modernized overall appearance inside and out.

OrbVest will be the sponsor of this transaction. 

Great Location
The 40th Street Medical Plaza is located in Phoenix, Arizona. This property is conveniently located adjacent to Abrazo Scottsdale Campus (136-bed hospital).

Medical Office Building
The property has a total of 41,703 square feet and is currently 77.4% occupied by medical tenants.

Returns
Forecast quarterly dividend between 7.0% - 7.5% annualized with a targeted IRR range of 12.5% to 13.5% (before tax).

Purchase
The total acquisition cost for the property is $8,810,711 of which approximately $1.8 million is a provision for tenant installation and transaction costs.

Funding
The  $3.35 million equity includes investment from OrbVest who invest alongside you.

Holding Period
The investment period is planned for 5 years.