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1525 S Higley Rd
Gilbert, AZ 85296 East Gilbert

$1,320,000 USD

Medical Condo For Sale  •  3,240 SF

Property Details

  • Property Type Medical
  • Total Building Size 3,240 SF
  • Lot Size 0.07 AC
  • Building Class B
  • Year Built 2008
  • Tenancy Multiple
  • Zoning SC
0 Transit Score
40 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 22 Medical Office 3,240 SF $1,320,000 USD
  • Unit Size: 3,240 SF
  • Condo Use: Medical Office
  • Price: $1,320,000 USD
  • Sale Type: Investment
  • Price/SF: $407.41 USD
Sale Notes
7.0% Cap Rate | ±3,240 SF NNN Investment Opportunity. Property has 5-7 Year Lease term that can be put in place at close of escrow with established Tenant.

Description 

This ±3,240 SF commercial property in Gilbert, Arizona offers a fully leased investment opportunity with stable in-place income. The property is 100% occupied with a lease extending through July 31, 2028, providing investors with a 7.00% cap rate at the $1,320,000 asking price. Priced at approximately $407/SF, the property is zoned SC by the City of Gilbert and offers an attractive opportunity to acquire a stabilized commercial asset in the Gilbert market. The property is identified as APN 304-28-786.

Highlights

Owner/User & Investment opportunities
Units may be sold separately, together, or in combination
1/2 Mile via Higley Rd. & 1 Mile via Ray Rd. to the San Tan Loop 202
Within walking distance to numerous retail amenities

Property Flyers

Public Transportation

AirportDriveWalkDistance
Phoenix-Mesa Gateway 9 min - 4.3 mi
Phoenix Sky Harbor International 37 min - 24.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Matt Leonard 602-369-7127 LevRose Real Estate
Matt Leonard 602-369-7127 LevRose Real Estate