Property History
Two-story medical office complex totaling ±16,442 SF.
100% leased to a diverse mix of medical tenants.
Rare podium-style with parking beneath the longest of two buildings, providing covered reserved parking almost completely sheltered from direct sun.
Below market lease rates provide meaningful upside; a full mark to market scenario would raise NOI by roughly ±$42,000 to ±$304,000—mirroring the effect of a 100 basis point change in cap rate.
Small and manageable ±2,700 SF average tenant size, which results in lower tenant improvement costs as leases roll.
Timeless, yet modern, red brick construction featuring shaded breezeways, storefront windows, and aesthetic arched canopies.
All tenant suites except one extensively renovated for tenants in-place today.
New roof coating was completed in January, 2026 and has a 10-year warranty.
Both buildings, walkways, and suite entrances are situated along Dobson Lake, creating a unique and tranquil setting.
±1.5-mile from Banner Desert Medical Center, a 605-bed, full-service hospital.
Conveniently located ±1-mile from the Loop 101 and US-60, from which the entire Valley’s freeway system can be accessed.
Within walking distance from a large concentration of restaurants and shops at Dobson Shores, Dobson Ranch Center, and Baseline Center at Dobson Ranch.
An impressive ±11.2 million SF of retail amenities are located within a three (3) mile radius.
±2-miles from Fiesta Mall’s mixed-use redevelopment site, which will include 4,000 housing units, approximately 1.85 million SF of retail amenity space, and over 500,000 SF of open space.
Loan History
Financial History
Tax History
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