Courtesy of DeLex Realty
Property Description
Great income producing property with a CAP Rate of 6.39% and a potential of 7.5% once the basement office is leased out. The basement office lends for affordability, privacy, and a unique work environment of 1,900 sq.ft. available at $14/sq.ft This property offers an excellent location, just west of Gilbert Road, near the US-60 freeway, making it easily accessible. It is ideal for a medical practice or other professional services due to its established use and proximity to the Mesa and Gilbert communities. The Pediatric Tenant has 4 years left of a 5-year lease and the Dermatology Tenant has 3 years left of a 5-year lease. Working on leasing out the basement office. Pediatric Office 2,400 sq.ft., Pinnacle Dermatology Office 4,800 sq.ft. See Rent Roll in Photos Tab
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Property Details and Features
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Building
- Built in 1996
- Living area: 9101
- Construction materials: “Frame – Wood”, “Metal Siding”
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Cooling
- “Central A/C”
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Fence
- “Block”
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Floors
- “Carpet”
- “Ceramic Tile”
- “Vinyl”
- “Wood”
- “Concrete”
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Heating
- “Electric”
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Listing
- Listing ID: 6768391
- Standard status: Active
- 86 days on market
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Lot
- 1.25 acres
- 54,355 sqft
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Parking
- “Paved Parking”
- 34 total parkings
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Property
- Zoning: C-N, C-1
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Roof
- “Foam”
- “Rolled/Hot Mop”
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Sewer
- “Public Sewer”
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Taxes
- Annual amount: $19,425
- Lot: N/A
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Utilities
- “SRP”
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This content last updated on January 1, 2025 1:05AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.