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Medical Office Space Near Hospital
For Lease
$28 SF/Yr

3477 Mercy Road, Gilbert, AZ 85297

Class A medical office building adjacent to Mercy Gilbert Medical Center.

Space SizeContact for details
Days on Market150

Property Features for 3477 Mercy Road

General Information

Standard status Active
Property subtype Healthcare
Listing Agency: CBRE - Phoenix
Listed By: Philip Wurth, CCIM
Source: Cbre
Added: Mar 25 Changed: Aug 12 Last Checked: Aug 20 at 8:39AM

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 CBRE - Phoenix

Investment Insights

Based on property information with market context.

This Class A medical office building offers approximately 45,000 square feet of space designed for healthcare providers and their patients. The building features advanced infrastructure, including specialized HVAC systems, high-speed internet, and robust electrical support for medical equipment. It is located adjacent to Mercy Gilbert Medical Center and the new Women’s and Children’s Pavilion, with immediate access to Loop 202 at Val Vista Drive. The property is also situated close to established retail and dining options.

Key Highlights

  • Adjacent to Mercy Gilbert Medical Center and the new Women’s and Children’s Pavilion
  • Immediate access to Loop 202 at Val Vista Dr.
  • ±45,000 SF Class A, state‑of‑the‑art medical office building

Property Analytics

Current Use

Master Fencing General Contractor Nicole O. Afuape, ... Physician Curtis R. Cook, ... Physician Andrew P. Wong, ... Pediatrician Dignity Health Medical ... Medical Clinic

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Parking Lot & Garage Electrical Service Storage Facility Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,343
Businesses Nearby
Well-served
Demand for This Use

Demographics for 85297, AZ

36,076
Population
11,146
Households
3.2
Avg Household Size
33
Median Age
45%
College-Educated
99%
High-School Grad
10.7 sq mi
ZIP Area
3,372
Density / Sq Mi
$132,684
Median Household Income
$59,991
Median Earnings
$2,083
Median Rent
$559,200
Median Home Value

Market

Lease Benchmarks for Gilbert, AZ

$25.07 /SF/Yr
Avg Asking Price
$9.94–$32.5 /SF/Yr
Price Range
25,009 SF
Avg Space Size

This space is priced 12% above the average of $25.07 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Class A medical office building adjacent to Mercy Gilbert Medical Center.
Where is this medical office space located?
The property is located at 3477 Mercy Road Gilbert, AZ.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Adjacent to Mercy Gilbert Medical Center and the new Women’s and Children’s Pavilion; Immediate access to Loop 202 at Val Vista Dr.; ±45,000 SF Class A, state‑of‑the‑art medical office building
More about this property
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