Multi-Specialty Surgery
For Sale
Contact for pricing
604 W Warner Rd, Chandler, AZ 85225
Single-tenant multi-specialty surgery center with sprinkler fire protection and 600-amp electrical service plus backup generator.
Property Size10,080 SF
Price / SF$282.74
Days on Market303
Property Features for 604 W Warner Rd
General Information
Standard status
Active
Size
10,080 SF
Property subtype
OFFICE
Additional Details
Business Included
No
Sprinkler System
Yes
Building Details
Tenancy
Single
Listing Agency:
Menlo Group Commercial Real Estate
(480) 771-1376
Listed By:
Steve Berghoff · License #BR581000000
(480) 206-4548
Source:
Moodyscre
Added: Jan 2
Changed: Oct 25
Last Checked: Oct 30 at 5:45PM
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 Menlo Group Commercial Real Estate
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Investment Insights
Based on property information with market context.
This is a single-tenant, multi-specialty surgery center offered for sale or lease. The property is equipped with sprinkler fire protection and a 600-amp electrical service, supported by a back-up generator.
The center is positioned between Banner Desert Medical Center, Cardon Children’s Medical Center, and Dignity Health Chandler & Gilbert Regional Medical Centers. Ownership is supported by a professionally managed owner’s association, with approximately $147,000 on hand as of May 2017.
The facility is offered with the option to purchase, and is listed as strategically located within the established medical corridor supported by the nearby hospital centers.
The center is positioned between Banner Desert Medical Center, Cardon Children’s Medical Center, and Dignity Health Chandler & Gilbert Regional Medical Centers. Ownership is supported by a professionally managed owner’s association, with approximately $147,000 on hand as of May 2017.
The facility is offered with the option to purchase, and is listed as strategically located within the established medical corridor supported by the nearby hospital centers.
Key Highlights
- Single‑tenant, multi‑specialty surgery center available for sale or lease
- Sprinkler fire protection
- 600‑amp electrical service plus backup generator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,185
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,583,700
$2.6M
Cap Rate 7%
$1,845,500
$1.8M
Cap Rate 9%
$1,435,389
$1.4M
Market Conditions
NOI Build-Up for 10,080 SF
Gross rent
$241.9K $24.00/SF
− Vacancy
−$26.6K −$2.64/SF
EGI
$215.3K $21.36/SF
− OpEx
−$86.1K −$8.54/SF
NOI
$129.2K $12.82/SF
Area
Chandler, AZ
Vacancy
11.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,583,700
Cap Rate 7%
$1,845,500
Cap Rate 9%
$1,435,389
Alternative Uses
Best Use
Healthcare Medical
$1.85M
$1.61M – $2.15M
NOI $129,185 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,245 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 85225, AZ
73,551
Population
28,930
Households
2.5
Avg Household Size
35
Median Age
33%
College-Educated
88%
High-School Grad
12.7 sq mi
ZIP Area
5,791
Density / Sq Mi
$86,036
Median Household Income
$45,692
Median Earnings
$1,662
Median Rent
$386,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Medical center - Single-tenant multi-specialty surgery center with sprinkler fire protection and 600-amp electrical service plus backup generator.
Where is this medical center located?
The property is located at 604 W Warner Rd Chandler, AZ.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Single‑tenant, multi‑specialty surgery center available for sale or lease; Sprinkler fire protection; 600‑amp electrical service plus backup generator
