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Medical For Sale • 20,802 SF
| Stabilized Medical Office Asset – 20,802 SF, two-building medical office complex on ±2.14 acres with a campus layout and strong medical identity |
| Attractive Yield – Offered at $5,295,000 ($254/SF) with a 7.08% cap rate and approximately $375,000 NOI |
| Secure Day-One Cash Flow – 88.23% leased with seller-guaranteed rent on the vacant suite, effectively delivering pro forma income from closing |
| Recession-Resistant Tenant Mix – Diverse roster of essential healthcare providers reduces single-tenant risk and supports long-term stability |
| Strong Market Fundamentals – Located in the Mesa East submarket with zero new office construction, positive net absorption, & 2.4% annual rent growth |
| Proximity to Major Hospitals – Approximately 1.3 miles from Banner Baywood Medical Center & Banner Heart Hospital, reinforcing tenant demand & traffic |
| Cap Rate: | 7.08 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Alan D Wamboldt | ||
| Broadway East Internists | ||
| EMPWR, LLC | ||
| Gamal Aboul-Nasr, MD | ||
| Hearing Solutions Of Arizona | ||
| Lloyd Brenden, MD, FAAD | ||
| On The Mend Physical Therapy |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Phoenix-Mesa Gateway | 15 min | - | 8.2 mi |
| Phoenix Sky Harbor International | 34 min | - | 24.8 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 109 |
| Type: | Surface |
| Included in Rent: | Yes |
Matt Zaccardi
Commercial Properties, Inc.
Matt Zaccardi
Commercial Properties, Inc.
