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Office Medical

Credence Global Solutions - Medstat

4022 E Presidio St, Mesa, AZ 85215

Listing Price: $800,000

Cap Rate
6.00%
Gross SF
4,971
Rentable SF
3,721
Price/Gross SF
$160.93
Occupancy
100.0%
Year Built
1999
Lot Size
0.80 acres

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire an updated data-entry office located at 4022 E Presidio St, Mesa, AZ ("Asset"). This Asset is strategically located near Loop 202, Falcon Field Airport, Quail Run Park, and Walmart Supercenter. In close proximity are multiple restaurants, such as Chick-fil-a, Barro's Pizza, India Oven, and Steak & Stone. This Asset is currently occupied by Credence Global Solutions - Medstat, ("Tenant") a data-entry company for medical billing. The Asset was constructed as a build to suit the tenant in 1999. The property owner, Marilynn Peters, founded Medstat in 1989 after she recognized a need for higher quality accounts receivable management services. In 2018 Medstat joined the Credence Global Solutions combining their local roots, decades of expertise, and the resources of Credence Global Solutions. Tenant is currently on a NN month-to-month lease that generates $65,000 in gross rent each year. The 4,971 square foot office building was built in 1999, featuring a spacious storage unit with a garage door with two doors, one leading to outside and the other leads to the office. A server can be found in one of the back rooms ideally suited for data storage and entry. This offering is an opportunity to own a well-maintained manufacturing facility in a low vacancy market with a solid long-term tenant, providing a passive stream of income.

Investment Highlights

  • Month-to-month tenant at a well below market rental rate providing immediate upside potential
  • Tenant has been at this location since 1999 and offers over 30 years of experience
  • Recently completed capital improvements include a new HVAC unit, updated flooring, and renovated bathroom sinks
  • Flex warehouse with a garage door
  • Four private offices and various staff workstations

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00, NE: 20170674

    Phoenix

Financing By

Office Medical

Credence Global Solutions - Medstat

Listing Price: $800,000

Cap Rate
6.00%
Gross SF
4,971
Rentable SF
3,721
Price/Gross SF
$160.93
Occupancy
100.0%
Year Built
1999
Lot Size
0.80 acres

Investment Highlights

  • Month-to-month tenant at a well below market rental rate providing immediate upside potential
  • Tenant has been at this location since 1999 and offers over 30 years of experience
  • Recently completed capital improvements include a new HVAC unit, updated flooring, and renovated bathroom sinks
  • Flex warehouse with a garage door
  • Four private offices and various staff workstations

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire an updated data-entry office located at 4022 E Presidio St, Mesa, AZ ("Asset"). This Asset is strategically located near Loop 202, Falcon Field Airport, Quail Run Park, and Walmart Supercenter. In close proximity are multiple restaurants, such as Chick-fil-a, Barro's Pizza, India Oven, and Steak & Stone. This Asset is currently occupied by Credence Global Solutions - Medstat, ("Tenant") a data-entry company for medical billing. The Asset was constructed as a build to suit the tenant in 1999. The property owner, Marilynn Peters, founded Medstat in 1989 after she recognized a need for higher quality accounts receivable management services. In 2018 Medstat joined the Credence Global Solutions combining their local roots, decades of expertise, and the resources of Credence Global Solutions. Tenant is currently on a NN month-to-month lease that generates $65,000 in gross rent each year. The 4,971 square foot office building was built in 1999, featuring a spacious storage unit with a garage door with two doors, one leading to outside and the other leads to the office. A server can be found in one of the back rooms ideally suited for data storage and entry. This offering is an opportunity to own a well-maintained manufacturing facility in a low vacancy market with a solid long-term tenant, providing a passive stream of income.

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00, NE: 20170674

    Phoenix

Financing By

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