Cedar Medical Center at Flagstaff

Flagstaff, AZ

Acquired April 2022

At a Glance

A newly constructed, state-of-the-art medical office building in Flagstaff, Arizona. The single-story, 26,400-square-foot property was acquired for $17.2 million.

Investment Rationale

  • Cedar Medical Center at Flagstaff is fully leased to a leading healthcare provider in the Northern Arizona area. The newly constructed property includes a surgery and imaging center, and a full diagnostic suite including the newest MRI, CT, ultrasound and X-Ray machines. The tenant has invested heavily in these upgrades and has signed a long-term commitment through a 15-year lease.

  • Flagstaff is located in Northern Arizona, about two hours north of Phoenix. The area offers an abundance of outdoor amenities, and has experienced strong population growth and home value growth. There are high barriers to entry, with the market surrounded by national park land and other areas that cannot be developed on.

Property Gallery


Cedar Medical Center Property map 01