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22062755
22062780

715 N Gilbert Rd, Mesa, AZ 85203

AA
AZ AZ BR670396000
AFFIRE
Listed by AFFIRE
$1,499,999
492 days on market
Updated 1 day ago

.65 Acre Freestanding Professional and/or Medical Building

Details
APN 140-09-409, 140-09-410, 140-09-411-B
Property Type Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 7,212
Net Rentable (SqFt) 7,212
Remaining Term 5
Rent Bumps Yes
Pro-Forma Cap Rate 8.65%
Pro-Forma NOI $129,816
Price per SqFt $208
Broker Co-Op Yes
Class B
Year Built 1985
Buildings 1
Stories 1
Acreage 0.650
Zoning Office Commercial (OC)
Investment Type Value Add
Ownership Fee Simple

Office | 7,212 SqFt

Marketing description

This is an exceptional opportunity to acquire a 7,212 SF freestanding professional office and/or medical building on 0.65 acres in the highly desirable Mesa market. The property is zoned OC (Office Commercial). The building features a flexible layout, currently configured as Two Suites (with separate entrances) joined by a shared hallway. Inside, you'll find 15 Built Private Offices with the ability to add more, Multiple Bullpen/Gathering Areas, a Designated Conference Room, Six (6) Total Restrooms, and a Large Break Room/Kitchen. Exterior amenities include an Outdoor Patio Area, 30 Parking Spaces (8 covered), and highly visible Monument Signage on Gilbert Road.

Investment highlights

The investment thesis is strengthened by the potential to structure a Brand New Triple Net Lease at the close of escrow. The prospective tenant is a Licensed Provider for the Division of Developmental Disabilities (DDD) Program in Arizona with a record of strong financials and multiple locations throughout the state. Furthermore, the new buyer has the unique flexibility to draft their own Lease Agreement.

Listing Contacts

AA
AZ AZ BR670396000
AFFIRE
Listed by AFFIRE

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Additional Information

Name
Alex Affas, CCIM
License
AZ BR670396000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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