575 E. River Road
575 E. River Road
Banner Health Sale-Lease Back Opportunity in Tucson, AZ
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JLL Industrial Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in the Banner Health Sale-Leaseback at 575 E River Road (the “Property”), a 22,176 square foot single- tenant medical office facility with lab and pharmacy components located in the growing North Tucson/Oro Valley submarket of Metro Tucson. Built in 1985, the Property offers excellent connectivity to Metro Tucson and the greater Metro Phoenix area.
Located just five miles from 575 E River Road, the University of Arizona is home to over 40,200 students and offers 200+ majors. The campus spans more than 390 acres and has an estimated impact on the state of approximately $4.1 billion annually. The University of Arizona is the state’s premier research university, ranked top-20 among public research universities nationwide, bringing in over $600 million in research grants each year. The University has grown to include such fields as space science, optics, biosciences, medicine, and technology.
Banner Health has owned and operated the building for over two decades and presents a sale-leaseback opportunity of 10-years at $18.00/SF on a triple-net basis with 3.0% annual increases, providing investors with stable and predictable cash flow for years to come with an investment grade credit tenant from the state of Arizona’s largest employer.