Single-Tenant Medical Net Leased Investment | Spectrum Falls, Gilbert Arizona The ICRE Investment team at ORION Investment Real Estate is pleased to announce the availability of an exceptional office/medical condo for Sale in Spectrum falls – Gilbert, Arizona. The New owner has the opportunity to acquire this investment property in thriving Gilbert Arizona. The property is 100% occupied by an established Pediatrician medical provider that services over 7,000 families in the valley. The healthcare industry is the leading job provider in Gilbert, Arizona. The office condo, located at 2680 South Val Vista Drive Gilbert, Arizona offers 4,895 square feet of office or medical space. The Seller will sign a new 7-year triple net (NNN) lease upon the close of escrow demonstrating their commitment to the site. The lease will feature scheduled rental increased during the initial term, growing NOI and hedging against inflation.
OFFERING SUMMARY
4,895 square feet Freestanding Building
Sale Price: $2,192,690
Price Per SF: $448
CAP Rate: 6.25%
NOI: $137,060
Tenant: Pediatrician Provider
Occupied: 100%
PROPERTY HIGHLIGHTS
Year built: 2007
Parking Ratio: 5.49/1000
