Premier 5,011 square foot medical condominium in Gilbert, Arizona

Sold $1,730,000

Office

Description

Premier 5,011 square foot medical condominium in Gilbert, Arizona

Office Sold - Arizona

The ICRE Investment Team is thrilled to announce the recent closing of 3011 S Lindsey Rd, a premier 5,011 square foot medical condominium located in the heart of Spectrum Professional Village, Gilbert, Arizona. This noteworthy transaction was finalized on April 1, 2024, with the property commanding a sale price of $1,730,000, equivalent to an impressive $345 per square foot. Constructed in 2004, this medical condo represents a blend of state-of-the-art facilities with strategic location, making it a coveted asset within the commercial real estate market. The property’s prime positioning within Spectrum Professional Village not only enhances its appeal but also ensures that it benefits from high visibility and accessibility, key factors that contributed to the successful closing of this deal.

The sale of 3011 S Lindsey Rd highlights the ongoing demand for high-quality medical real estate in Gilbert, Arizona, a region known for its robust healthcare sector and growing population. This transaction underscores the value that well-located, well-built properties bring to investors and the community alike.

We are also pleased to announce that Michael Douglas with ORION Investment Real Estate represented the buyer in this transaction. His expertise and dedication were instrumental in navigating the complexities of this deal to a successful conclusion. We extend our congratulations to both the buyer and seller in this transaction, and we are proud to have played a key role in this significant achievement. This sale not only reflects the strength and resilience of the market but also our commitment to providing exceptional service and expertise in investment sales within the commercial real estate sector. Looking forward, we anticipate this transaction will have a positive impact on the local market, setting a precedent for future sales and developments in the area. The success of this deal is a testament to the vibrant commercial real estate landscape in Gilbert and the broader region, promising exciting opportunities ahead for investors and developers.

For more information on this transaction or to explore how we can assist you with your commercial real estate needs, please do not hesitate to reach out to the ICRE Investment Team . Here’s to many more successful closings!