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  • MEDICAL 38 - 40TH STREET MEDICAL PLAZA

 OrbVest Global Real Estate
 Investment Overview

OrbVest is pleased to present 40th Street Medical Office Plaza. This well-maintained Class B medical office property is located in the high growth area of the Phoenix MSA. The property totals 41,703 SF and has a current occupancy of 77.4%, representing a great opportunity to acquire a value-add medical office asset in one of the fastest-growing MSAs in the US.

40th Street Medical Plaza is a garden-style medical office property located in the Paradise Valley submarket of Phoenix. The property is situated on 2.9 acres of land and is approximately 41,703 SF.

This deal consists of three, two-story buildings that are home to a healthy mixture of medical providers that include clinical space for a large general, laparoscopic, and vascular surgical practice group, cardiothoracic, general family practice, internal medicine, wellness center, among others.

This well-located medical office property offers immediate access to a major medical campus and 40th Street, which has easy access to Loop 101 and Highway 51 via Bell Road. There is easy circulation on site, along with ample parking including covered options to meet tenants needs.

All entrances are conveniently accessed via a well landscaped interior courtyard. Recent renovations create a fresh, modernized overall appearance inside and out.

OrbVest will be the sponsor of this transaction. 

The Senior Team

Nicholas Crawley

Managing Director
  • Nicholas has over 40 years of experience of owning and operating hotels throughout the UK and Europe. Until 2019 he had a day to day a role as Managing Director of St James’s Hotel Group and was overseeing the profitable operation of the fourteen hotels in the Group.
  • Throughout his career he has focused on hotel acquisition, selection, operations, sales and marketing, human resources, property management, brand development and refurbishment.
  • Previous roles have included being a Chairman of the Isle de France Hotel St Barths, Director of Akkeron Hotels, Director of The Scotsman Hotel Group Ltd, Managing Director of Regal Hotel Group PLC (a group of 130 hotels), Chairman of Hotel Apartment PLC, Director of Hotels Division of Parkdale Holdings PLC. He co-founded and was Director of Historic House Hotels and started his career in the management of hotels training at The Savoy Hotel Group.

Simon Porter

Property Director
  • A senior executive with 30 years of extensive experience in the Hotel, Restaurant, Casino and Leisure Industries in a number of operational and corporate roles both in the UK and overseas.
  • Simon has had a successful hotel asset and property management consultancy business DestINNation Ltd.
  • A senior consultant for St James’s Hotel Group, overseeing the estate, corporate affairs IT, and procurement.
  • Project team member for the +£50m developments of Hotel Indigos in Bath and Stratford-Upon-Avon completing in 2019.
  • Previous roles have included Director of Estates and Corporate Affairs for Akkeron Hotels.
  • Corus Hotels in various roles – including corporate affairs and Group Property Asset Manager with responsibility for the £360 million disposal of over 100 hotels over a 4-year period.
  • Simon has as well as property a very strong food and beverage background having owned his own restaurant and bar, in addition to senior roles at Sodexho Loisirs, The Restaurant Partnership (including Food & Beverage hotel outsourcing), London Clubs Casino Group. He began his career at Hilton Vista Hotels.

Sam Hurst

Accumulus Accounting
  • Sam through his company Accumulus Accounting provides specialised hospitality outsourced account and hotel management finance solutions.
  • Payroll and invoice processing
  • Preparation and presentation of the budget, monthly management accounts, profit & loss and key performance indicator metrics, as well as producing the Company balance sheet and year end accounts.

 OrbVest Global Real Estate
 Investment Opportunity

OrbVest is pleased to present 40th Street Medical Office Plaza. This well-maintained Class B medical office property is located in the high growth area of the Phoenix MSA. The property totals 41,703 SF and has a current occupancy of 77.4%, representing a great opportunity to acquire a value-add medical office asset in one of the fastest-growing MSAs in the US.

40th Street Medical Plaza is a garden-style medical office property located in the Paradise Valley submarket of Phoenix. The property is situated on 2.9 acres of land and is approximately 41,703 SF. This deal consists of three, two-story buildings that are home to a healthy mixture of medical providers that include clinical space for a large general, laparoscopic, and vascular surgical practice group, cardiothoracic, general family practice, internal medicine, wellness center, among others.

This well-located medical office property offers immediate access to a major medical campus and 40th Street, which has easy access to Loop 101 and Highway 51 via Bell Road. There is easy circulation on site, along with ample parking including covered options to meet tenants needs. All entrances are conveniently accessed via a well landscaped interior courtyard. Recent renovations create a fresh, modernized overall appearance inside and out.

OrbVest will be the sponsor of this transaction. 

Great Location
The 40th Street Medical Plaza is located in Phoenix, Arizona. This property is conveniently located adjacent to Abrazo Scottsdale Campus (136-bed hospital).

Medical Office Building
The property has a total of 41,703 square feet and is currently 77.4% occupied by medical tenants.

Returns
Forecast quarterly dividend between 7.0% - 7.5% annualized with a targeted IRR range of 12.5% to 13.5% (before tax).

Purchase
The total acquisition cost for the property is $8,810,711 of which approximately $1.8 million is a provision for tenant installation and transaction costs.

Funding
The  $3.35 million equity includes investment from OrbVest who invest alongside you.

Holding Period
The investment period is planned for 5 years.
  • Investment Type: Medical Office
  • Offering Type: Equity
  • Funding Goal: $3,190,080
  • Initial Amount Raised: $1,000
  • Minimum Investment Amount: $5,000
CAPITAL STACK

Total


Financial Highlights

  • Forecast quarterly dividend between 7.0% - 7.5% annualized with a targeted IRR range of 12 to 13% (before tax)
  • Total acquisition cost $8,754,711 approximately $1,754,711 is a provision for tenant installation and transaction costs
  • $3.30 million equity includes investment from OrbVest who invest alongside you
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Invest Summary

  • Deal Type: CRE Funds
  • Sponsor: USA Reit
  • Hold Period: 5 YR
  • Investor Yield:
  • Funding Goal:$3,190,080
  • Investment Type: Medical Office
  • Min. Investment: $5,000
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USA REIT Markets Inc. is a cutting-edge private markets platform designed to transform the way investors access and manage commercial real estate (CRE) investments. The platform offers a seamless and transparent investment experience, providing both accredited and non-accredited investors with direct access to primary and secondary market deals, 1031 exchanges, real estate funds, syndications, and networking opportunities with industry sponsors.

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