Warner Medical Park
Office | 6.25% CAP | 7,816 SqFt
Marketing description
604 W Warner Rd, Building D, is a prime investment opportunity offered at $2,621,464 with a 6.25% cap rate. This NNN property features two medical office suites, including Suites 1 & 2, which are fully leased (3,972 SF) and generate $89,370 in annual income ($22.50 PSF), with 3% annual increases through 3/31/2029. Suite 3, a vacant 3,843 SF space, offers excellent potential for additional income and tenant customization or for an owner-user. Located in the thriving city of Chandler, known for its strong population growth, high median household income, and robust healthcare demand, this property combines current cash flow stability with future upside, making it an ideal investment in a premier location.
Nestled in the dynamic East Chandler market, the area surrounding 604 W Warner Rd, Bldg D, offers an array of attractions and conveniences. This prime location provides easy access to a variety of dining options, retail centers, and recreational facilities, enhancing the overall appeal for businesses and employees. Notable landmarks in close proximity to the property include Chandler Fashion Center, Snedigar Recreation Center, and the bustling Downtown Chandler district. Office building investors will find the area's vibrant atmosphere and convenient amenities to be highly desirable for attracting and retaining tenants. With its strategic position in this thriving district, the property presents an appealing opportunity for those seeking a well-connected and amenity-rich location in East Chandler.
Investment highlights
- 7,816 SF modern office building
- Constructed in 1987
- Strategically located in East Chandler
- Thoughtfully designed for contemporary business needs
- Ample space for various office configurations
- High-quality construction and finishes
- Versatile layout to accommodate diverse office setups
- Convenient access to major transportation routes
- Renewal Option : 3 Options for 5 Years Each
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