Stabilized Medical Office
For Sale
Contact for pricing
Pending
1425 S Greenfield Rd, Mesa, AZ 85206
White-painted exterior with red clay roof and exterior-loaded entrances; 100% leased medical tenant mix with a 7.3-year WALT.
Property SizeContact for details
Days on Market150
Property Features for 1425 S Greenfield Rd
General Information
Standard status
Pending
Property subtype
Office
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Newmark - Phoenix
Listed By:
Gary Cornish · License #SA684021000
(602) 952-3858
Source:
Crexi
Added: Apr 11
Changed: Sep 5
Last Checked: Sep 4 at 4:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark - Phoenix
Investment Insights
Based on property information with market context.
1425 S. Greenfield Rd. is a stabilized medical office building maintained for tenant continuity, recently repainted white and complemented by a red clay roof and landscaped grounds. The property features exterior loaded entrances designed for straightforward access, and it is supported by an on-site parking ratio of 7.41 spaces per 1,000 square feet.
The building is 100% leased to a diverse mix of medical tenants, with a weighted average lease term of 7.3 years remaining. The current rent roll reflects leases that are described as approximately 10% below market upon rollover. The offering also references potential upside through expansion opportunities of up to 3,000 SF, as outlined in the accompanying materials.
Convenience to healthcare services is part of the equation, with the property described as within a 1-minute drive to a major hospital system.
The building is 100% leased to a diverse mix of medical tenants, with a weighted average lease term of 7.3 years remaining. The current rent roll reflects leases that are described as approximately 10% below market upon rollover. The offering also references potential upside through expansion opportunities of up to 3,000 SF, as outlined in the accompanying materials.
Convenience to healthcare services is part of the equation, with the property described as within a 1-minute drive to a major hospital system.
Key Highlights
- Medical office building at 1425 S. Greenfield Rd., 100% leased to a diverse mix of medical tenants
- Weighted average lease term (WALT) of 7.3 years remaining for lease stability
- White‑painted exterior with red clay roof and exterior‑loaded entrances
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
Explore this area
Business Placement
Demographics for 85206, AZ
36,713
Population
19,078
Households
1.9
Avg Household Size
48
Median Age
34%
College-Educated
92%
High-School Grad
9.4 sq mi
ZIP Area
3,906
Density / Sq Mi
$69,986
Median Household Income
$45,422
Median Earnings
$1,717
Median Rent
$322,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - White-painted exterior with red clay roof and exterior-loaded entrances; 100% leased medical tenant mix with a 7.3-year WALT.
Where is this medical center located?
The property is located at 1425 S Greenfield Rd Mesa, AZ.
What are key features of this property?
This property features: Medical office building at 1425 S. Greenfield Rd., 100% leased to a diverse mix of medical tenants; Weighted average lease term (WALT) of 7.3 years remaining for lease stability; White‑painted exterior with red clay roof and exterior‑loaded entrances
