Class A Two-Story Office
For Sale
Contact for pricing
350 N McClintock Drive, Chandler, AZ 85226
2018-built, fully leased two-story Class A office with two tenants, providing an in-place income stream.
Property Size117,394 SF
Price / SF$186.55
Days on Market58
Property Features for 350 N McClintock Drive
General Information
Standard status
Active
Size
117,394 SF
Class
A
Total Parking Spaces
680
Property subtype
Office
Zoning
Planned Area Development
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
2018
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Newmark - Phoenix
(602) 952-3862
Listed By:
Chris Marchildon · License #AZ SA633658000
Source:
Crexi
Added: Jun 17
Changed: Aug 7
Last Checked: Aug 12 at 12:22PM
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.
One Chandler Corporate Center is a 2018-constructed, two-story, Class A office building offered for fee simple ownership. The property totals 117,394 square feet and is currently 100% leased by two physically occupying tenants. Tenants include DISH Network (a wholly owned subsidiary of EchoStar Corporation) and Allcat Claims Service, creating a concentrated, two-tenant occupancy profile with a blended WALT of 4.5 years.
Located at 350 N. McClintock Drive in Chandler, Arizona, the building sits in a freeway-proximate office setting. The surrounding area is described as having a deep retail and amenity base within the local market, supporting day-to-day access for employees and visitors.
This offering is structured for buyers seeking an established, fully occupied office asset with an institutional-quality, newer-vintage build and a rent roll anchored by two operating tenants. With tenancy already in place, the building presents a straightforward acquisition profile centered on a 100% leased, two-tenant arrangement within a Chandler suburban office market.
Located at 350 N. McClintock Drive in Chandler, Arizona, the building sits in a freeway-proximate office setting. The surrounding area is described as having a deep retail and amenity base within the local market, supporting day-to-day access for employees and visitors.
This offering is structured for buyers seeking an established, fully occupied office asset with an institutional-quality, newer-vintage build and a rent roll anchored by two operating tenants. With tenancy already in place, the building presents a straightforward acquisition profile centered on a 100% leased, two-tenant arrangement within a Chandler suburban office market.
Key Highlights
- 2018‑built, two‑story Class A office totaling 117,394 SF at 350 N. McClintock Drive, Chandler, AZ
- 100% leased by two tenants: DISH Network and Allcat Claims Service
- Blended WALT of 4.5 years with both tenants physically occupying the building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,847,920
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$36,958,400
$37.0M
Cap Rate 7%
$26,398,857
$26.4M
Cap Rate 9%
$20,532,444
$20.5M
Market Conditions
NOI Build-Up for 117,394 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$3.06M $26.04/SF
− Vacancy
−$593.0K −$5.05/SF
EGI
$2.46M $20.99/SF
− OpEx
−$616.0K −$5.25/SF
NOI
$1.85M $15.74/SF
Area
Chandler, AZ
Vacancy
19.40%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$36,958,400
Cap Rate 7%
$26,398,857
Cap Rate 9%
$20,532,444
Alternative Uses
Best Use
Office B
$26.40M
$23.10M – $30.80M
NOI $1,847,920 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$33.65M
$29.44M – $39.26M
NOI $2,355,393 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 85226, AZ
40,689
Population
17,406
Households
2.3
Avg Household Size
38
Median Age
50%
College-Educated
96%
High-School Grad
38.4 sq mi
ZIP Area
1,060
Density / Sq Mi
$103,740
Median Household Income
$58,515
Median Earnings
$1,785
Median Rent
$452,400
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?
Office building - 2018-built, fully leased two-story Class A office with two tenants, providing an in-place income stream.
Where is this office building located?
The property is located at 350 N McClintock Drive Chandler, AZ.
What is the asking price?
The asking price for this property is $21,900,000.
What are key features of this property?
This property features: 2018‑built, two‑story Class A office totaling 117,394 SF at 350 N. McClintock Drive, Chandler, AZ; 100% leased by two tenants: DISH Network and Allcat Claims Service; Blended WALT of 4.5 years with both tenants physically occupying the building
