Class A Two-Story Office
For Sale
$21,900,000
350 North 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 Market122
Property Features for 350 North McClintock Drive
General Information
Standard status
Active
Size
117,394 SF
Class
A
Property subtype
Office
Occupancy
100%
Building Details
Year Built
2018
Stories
2
Tenancy
Multi
Listed By:
CJ Osbrink · License #CA 01900338
(602) 952-3841
Source:
Nmrk
Added: Jun 22
Changed: Oct 7
Last Checked: Oct 20 at 7:13PM
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 CJ Osbrink
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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 / Yr
$1,847,920
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
448
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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 North 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
