Single-Tenant Medical Net Leased Investment | Spectrum Falls, Gilbert Arizona

Single-Tenant Medical Net Leased Investment | Spectrum Falls, Gilbert Arizona

Office Sold - 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

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About ICRE Investment Team

ICRE Investment Team is an investment team within ORION Investment Real Estate, that specializes in office, retail, medical, industrial and investment properties in Phoenix Arizona. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, ICRE Investment Team