Paragon Healthcare Investment
Laughlin/Bullhead, Arizona
Building
Stats
- Property Type Office - Medical
- Year built 2005
- Building size (SF) 4,100
Overview
Triple Net, Medical Lease Investment Offering! Paragon Healthcare of Arizona (http://www.paragonhcaz.net/) is a unique rehabilitation facility offering both Physical Therapy and Respiratory Therapy. Patients can be referred for Physical Therapy only, Respiratory Therapy only, or both.
Upon expiration of their initial 3 year lease within the Colorado Place offices in 2012, the Tenant signed a 10 YEAR lease extension, expiring in October 31, 2022. The property is being offered at an 8.6% CAP rate and an IRR of 14.07% with the assumption of existing debt on $58,277 NOI. This long term commitment will provide an investor with a stable, reliable income in a healthy, growing metropolis.
Highlights
Electrical is individually metered to tenant
100% Occupancy with long term lease
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