120 Northview Rd
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120 Northview Rd
5,173 SF Health Care Building Offered at $2,100,000 at a 6.60% Cap Rate in Sedona, AZ 86336
Virtual Tour
Investment Highlights
- 120 Northview Road is an opportunity to purchase a medical and dental office fully leased to Grade A tenants with rent increases starting next year.
- Tenants appreciate the well-maintained complex's new updates, fresh flooring, and floor-to-ceiling windows, which bring the area's beauty inside.
- Scenic and amenity-rich location with a host of retailers, including Whole Foods, Walgreens, Chase Bank, and Starbucks.
- With ample parking and easy egress/ingress, employees and visitors can reach the healthcare building via State Route 89A and Highway 179.
Executive Summary
120 Northview Road is a 5,173-square-foot prestigious medical, dental, and office complex complete with long-term leases and now available for purchase in West Sedona, Arizona. One of the tenants is a renowned medical corporation, ensuring steady rental income for the new owner. This healthcare building was built in 1994 and is in excellent condition due to recent updates to the interior and exterior. These updates make 120 Northview Road a lucrative investment opportunity for those seeking a secure and well-maintained property. The existing leases have built-in increases starting next year.
Surrounded by breathtaking views and situated close to various amenities, 120 Northview Road is in the heart of everything this charming small town offers. This medical property sits less than a mile from State Route 89A and 2 miles from Highway 179 for convenient commuting. There isn't much medical competition in the greater Sedona area, where the closest hospital is 22 minutes southwest in Cottonwood, Arizona, and a 50-minute drive north to Flagstaff, Arizona. As Sedona's largest geographical neighborhood, West Sedona extends around 3 miles on both sides of State Route 89A, the city's major east-west thoroughfare. West Sedona showcases gorgeous hiking, magnificent sunset views, and an abundance of spectacular sightseeing opportunities, with many of Sedona's most impressive rock formations within its borders. Grandmothers, Lizard Head, and Sugar Loaf are of those rock formations.
Surrounded by breathtaking views and situated close to various amenities, 120 Northview Road is in the heart of everything this charming small town offers. This medical property sits less than a mile from State Route 89A and 2 miles from Highway 179 for convenient commuting. There isn't much medical competition in the greater Sedona area, where the closest hospital is 22 minutes southwest in Cottonwood, Arizona, and a 50-minute drive north to Flagstaff, Arizona. As Sedona's largest geographical neighborhood, West Sedona extends around 3 miles on both sides of State Route 89A, the city's major east-west thoroughfare. West Sedona showcases gorgeous hiking, magnificent sunset views, and an abundance of spectacular sightseeing opportunities, with many of Sedona's most impressive rock formations within its borders. Grandmothers, Lizard Head, and Sugar Loaf are of those rock formations.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,100,000 | Building Class | B |
| Price Per Bed | $2,100,000 | Lot Size | 0.72 AC |
| Sale Type | Investment | Building Size | 5,173 SF |
| Cap Rate | 6.60% | No. Beds | 1 |
| Sale Conditions | 1031 Exchange | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1994 |
| Price | $2,100,000 |
| Price Per Bed | $2,100,000 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Sale Conditions | 1031 Exchange |
| Property Type | Health Care |
| Building Class | B |
| Lot Size | 0.72 AC |
| Building Size | 5,173 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 1994 |
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Starbucks | Cafe | $ | 6 min walk |
| Domino’s | - | - | 8 min walk |
| Rocky Rd Ice Cream | Ice Cream | $ | 10 min walk |
| Subway | - | - | 14 min walk |
| Cafe José | Salad | - | 17 min walk |
Retail |
||
|---|---|---|
| Walgreens | Drug Store | 9 min walk |
| United States Postal Service | Business/Copy/Postal Services | 11 min walk |
| Snap Fitness 24/7 | Fitness | 10 min walk |
| Harkins Theatre | Cinema | 10 min walk |
| Wells Fargo Bank | Bank | 13 min walk |
| Bashas' | Supermarket | 14 min walk |
| Ace Hardware | Hardware | 15 min walk |
Hotels |
|
|---|---|
| Hampton by Hilton |
55 rooms
2 min drive
|
| Wyndham Vacation Resort |
108 rooms
4 min drive
|
| Ascend Collection |
45 rooms
5 min drive
|
| Best Western Plus |
66 rooms
6 min drive
|
PROPERTY TAXES
| Parcel Number | 408-26-505A | Improvements Assessment | $1,053,883 (2024) |
| Land Assessment | $416,754 (2024) | Total Assessment | $1,470,637 (2024) |
PROPERTY TAXES
Parcel Number
408-26-505A
Land Assessment
$416,754 (2024)
Improvements Assessment
$1,053,883 (2024)
Total Assessment
$1,470,637 (2024)
zoning
| Zoning Code | C-O |
| C-O |
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CMEH Realty
120 Northview Rd
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