Single Tenant Net Leased Investment
Description
Just Sold: Net Leased Office/Medical Condo Trades at Higley Park Commons | Gilbert
Medical-office Sold - Gilbert Arizona
OFFERING SUMMARY
- 1485 S Higley Rd, Gilbert, AZ 85296
- Property Name: Higley Park Commons
- Class B Medical Office
- Sale Price $1,242,707
- Cap Rate 5.25%
- $397.27 PSF
- Square Fee: 3,128
- Property Type: Medical/Office Condo
- Type: Investment
- Zoning: SC
- Parcel #: 304-28-781
- Parking Ratio: 5.0/1,000 SF
ICRE Investment team is proud to have exclusively represented the Seller in this Single Tenant Triple Net Leased Investment. This single tenant medical condo investment in the thriving Gilbert submarket. Located just south of the 202 FWY NEC Higley Road & Ray Road. The condo resides next to the Epicenter At Agritopia new high-end 50,000 SF mixed-use community and retail development. The Tenant is a National Primary Care Physician with over 200 clinics nationwide across 9 markets and $4 billion assets under management.
Property Features
- Medical-office
