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Aspen Ridge Surgical and Medical Complex 5448 N White Mountain Blvd 33,050 SF 100% Leased Office Building Lakeside, AZ 85929 $13,394,393 CAD ($405.28 CAD/SF) 8% Cap Rate



Investment Highlights
- Stable Investment – The ±33,050 SF property is backed by long-term NNN leases with over five (5) years WALT and 3% annual rent increases
- Recession-Resistant Property – Healthcare real estate remains insulated from economic downturns and e-commerce disruption
- Prime Location in Concentrated Corridor – Positioned on high-traffic W White Mountain Blvd (SR-260)
- Institutional-Grade Healthcare Anchor – 37% of RSF occupied by Sunrise Ambulatory Surgery Center, which is majority-owned by AMSURG
- Regional Healthcare Hub – Show Low serves as the medical hub for Arizona’s White Mountains, drawing patients from Lakeside & Show Low
- Tenant Investment in Location – Medical practices rarely relocate due to the difficulty of retaining the same patients in a new location
Executive Summary
Broker of Record
David Harrington
License # CO701910000 (AZ)
Matthews
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
David Harrington
License # CO701910000 (AZ)
Matthews
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
33,050 SF
Building Class
B
Year Built
1999
Price
$13,394,393 CAD
Price Per SF
$405.28 CAD
Cap Rate
8%
NOI
$1,071,506 CAD
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
192 Spaces (4.54 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Kitchen
- Central Heating
- Drop Ceiling
- Wi-Fi
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 2nd Fl-Ste 230
- 6,068 SF
- Office/Medical
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 230 | 6,068 SF | Office/Medical | Full Build-Out | Now |
2nd Fl-Ste 230
| Size |
| 6,068 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $8,103,538 CAD | |
| Land Assessment | $88,234 CAD | Total Assessment | $8,191,772 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$88,234 CAD
Improvements Assessment
$8,103,538 CAD
Total Assessment
$8,191,772 CAD
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Aspen Ridge Surgical and Medical Complex | 5448 N White Mountain Blvd
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