Listed by The Menlo Group Commercial Real Estate LLC
$1,100,000
575 W Chandler Blvd. Ste 120 & 122
Details
Property Type Office
Sub Type Executive Office
Square Footage 2,456
Cap Rate 6.22%
Class B
Year Built 2004
Office | 6.22% CAP | 2,456 SqFt
Marketing description
This 2,456 SF office condominium is built-out medical with plumbed exam rooms, nurses' station, offices, private restrooms, conference room, and reception area/waiting room. The property is located within the Focus Corporate Plaza and is currently leased to HonorHealth with lease term through December 31, 2028 and two (2) options to renew their lease for an additional five (5) years.
Medical office condominium located within Focus Corporate Plaza on the south side of Chandler Blvd between Alma School Rd and Arizona Ave in Chandler, Arizona. Located in a professional office center with synergistic tenants and close proximity to other business and retail amenities. The site has easy access to the South Loop 202 and Loop 101 and is within a 5 mile radius of major medical including Chandler Regional Medical Center, Dignity Health ER, and Banner Ocotillo Medical Center.
Investment highlights
- Fully Occupied Medical Office Condominium
- NOI: $68,339.60
- Purchase Price: $1,100,000.00 (6.22% Cap Rate)
- Approximately 2,456 SF
- Built-out Medical Office
- Leased to HonorHealth with Lease Term through December 31, 2028
- NNN Lease with 3% annual escalations
- Tenant has 2-5 Year Renewal Options
- Minimal Landlord maintenance responsibilities
- Located within Focus Corporate Plaza
- Easy Access to Loop 202 and Loop 101
- Close Proximity to Major Medical & Business Amenities
Listing Contacts
Listed by The Menlo Group Commercial Real Estate LLC
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