Two Office Buildings with Medical
283 & 299 N Arizona Avenue Chadler Az. Chandler, AZ 85225
283 & 299 N Arizona Avenue Chadler Az., Chandler, AZ, 85225
Contact for pricing
For Sale
Contact for pricing
Pending
Two office buildings include a fully improved medical facility leased to a dentist and multiple general office suites on gross leases.
Lot Size0.48 Acres
Days on Market102
Property Features for 283 & 299 N Arizona Avenue Chadler Az.
General Information
- Standard status
- Pending
- Lot size
- 0.48 Acres
- Property subtype
- Office
Listing agency
Infinity & Associates Real Estate
Listed by
Jerry Langston · License #Azsa111284000
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 3:28AM Checked: Jul 22 at 6:28AM
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Investment Insights
Based on property information with market context.
This offering includes two office buildings on a large lot, with excellent visibility and attractive, low-maintenance landscaping. The 299 building is a fully improved medical office building occupied by a dentist under an NN+ lease. The dentist has executed a new 5-year lease ending 3-31-2027, with a 5-year renewal option (exercised 1-10-22) and 3.2% annual increases. In addition to rent, the tenant pays NNN expenses including property taxes, insurance, A/C maintenance, refuse disposal, and 50% of grounds maintenance. The tenant also has a right of first refusal to purchase the building.
The 283 building totals 3,132 sf and consists of three leased general office spaces under gross leases, with stated lease expirations for each suite and projected lease rate terms noted for future leasing. Combined NOI for both buildings is listed as $85,678, with projected leasing terms noted for suites 2 and 3.
The buildings share a large, fully improved parking lot with two points of access/egress from Detroit Street to the north and a public alley to the east. The land is zoned C-3, which permits a wide range of commercial land uses. The buildings are in the Downtown Chandler market, across the road from the Chandler Center for the Arts.
The 283 building totals 3,132 sf and consists of three leased general office spaces under gross leases, with stated lease expirations for each suite and projected lease rate terms noted for future leasing. Combined NOI for both buildings is listed as $85,678, with projected leasing terms noted for suites 2 and 3.
The buildings share a large, fully improved parking lot with two points of access/egress from Detroit Street to the north and a public alley to the east. The land is zoned C-3, which permits a wide range of commercial land uses. The buildings are in the Downtown Chandler market, across the road from the Chandler Center for the Arts.
Key Highlights
- Two office buildings at 283 and 299 N. Arizona Ave in Downtown Chandler, across from the Chandler Center for the Arts
- 299 building: fully improved medical building leased to a dentist on an NN+ lease; 1,902 SF at $3,525/month
- 299 building lease details: new 5‑year lease through 3/31/2027 with 3.2% annual increases and dentist’s right of first refusal to purchase
Property Analytics
Location Intelligence
Current Use by Public Records
APA - Arizona Psychological ...
Medical Clinic
MJ Builders, LLC
Construction Company
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FAQs
What type of property is this?
Medical Office Space - Two office buildings include a fully improved medical facility leased to a dentist and multiple general office suites on gross leases.
Where is this medical office space located?
The property is located at 283 & 299 N Arizona Avenue Chadler Az. Chandler, AZ.
What are key features of this property?
This property features: Two office buildings at 283 and 299 N. Arizona Ave in Downtown Chandler, across from the Chandler Center for the Arts; 299 building: fully improved medical building leased to a dentist on an NN+ lease; 1,902 SF at $3,525/month; 299 building lease details: new 5‑year lease through 3/31/2027 with 3.2% annual increases and dentist’s right of first refusal to purchase
