14535 W Indian School Rd
Prime Office Condo | 5 Tenants | 6.35% CAP | 8,364 SqFt
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire 14535 W Indian School Road Goodyear, AZ 85395, a ±8,364-square-foot, free-standing multi-tenant medical/professional office asset located in the Indian Palms Medical & Professional Office Condo.
Strategically positioned within the rapidly expanding West Phoenix growth corridor, the Property benefits from a powerful convergence of population growth, rising household incomes, and sustained corporate investment. Goodyear has experienced significant in-migration, with population growth exceeding 20% since 2020, while the broader West Valley continues to expand at approximately twice the national average, transforming into a primary hub for employment, healthcare, and economic activity.
The Property is 100% leased and located within the Indian Palms Medical & Professional Office Condo complex, which is also currently 100% occupied, providing immediate validation of tenant demand at both the asset and project level. This full occupancy dynamic highlights the strength of the surrounding trade area and reinforces long-term leasing fundamentals.
Investment highlights
- 100% leased asset within a 100% occupied office condo complex
- Five tenants across medical, counseling, financial, and wellness uses
- NNN lease structure with expense recoveries in place
- Minimal Landlord responsibilities given the strong in-place HOA management
- In-place rents average ~$22.35/SF NNN, with select suites below $20/SF
- Strong demand for small-suite medical and office space supports upside
- WALT: ~2.35 years
- Opportunity to improve tenant mix, lease structure, and rental rates
- Goodyear population growth exceeding 20% since 2020
- Situated within Palm Valley, one of Goodyear's most desirable residential areas
- Over 50% of households earn $100K+ annually
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