Broadway East Medical Center
7525 E Broadway Rd, Mesa, AZ 85208
For Sale
$5,295,000
Stabilized medical office complex in Mesa, Arizona, 92% leased.
Property Size20,802 SF
Price / SF$254.54
Days on Market288
Property Features for 7525 E Broadway Rd
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Commercial Properties Inc
Listed By:
Matt Zaccardi · License AZ SA584155000
(602) 561-1339
Source:
Corfac
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 29 at 7:58AM
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 Commercial Properties Inc
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Investment Insights
Based on property information with market context.
Broadway East Medical Center, located at 7525 E Broadway Rd in Mesa, Arizona, is a multi-tenant medical office complex. The property has a total size of 20,802 square feet and is currently 92% occupied. The tenant roster includes established medical practices specializing in family medicine, cardiology, pain management, and physical therapy. A seller-guaranteed rent is in place for the single vacant suite. The property is located within a dense, mature, and medically focused community. The surrounding area has a population of nearly 280,000 residents and over 75,000 daytime employees within a five-mile radius. The community has a median age of over 44. The property is located in close proximity to Banner Baywood/Heart Medical Center and Banner Gateway Medical Center. It offers easy access to Loop 202 and US-60 Freeways. The parking ratio is 6.34 per 1,000 square feet. Lease types are NNN and MG. Monument signage is available, and the property has ingress/egress on E Broadway Rd.
Key Highlights
- High‑yield, stabilized medical office complex with 92% occupancy and a diverse tenant roster.
- Seller‑guaranteed rent for vacant suite ensures immediate and reliable cash flow.
- Located in a dense, mature, medically‑focused community with a large patient base (280,000 residents within 5 miles).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$356,444
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,128,880
$7.1M
Cap Rate 7%
$5,092,057
$5.1M
Cap Rate 9%
$3,960,489
$4.0M
Market Conditions
NOI Build-Up for 20,802 SF
Gross rent
$601.6K $28.92/SF
− Vacancy
−$126.3K −$6.07/SF
EGI
$475.3K $22.85/SF
− OpEx
−$118.8K −$5.71/SF
NOI
$356.4K $17.14/SF
Area
Mesa, AZ
Vacancy
21.00%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,128,880
Cap Rate 7%
$5,092,057
Cap Rate 9%
$3,960,489
Alternative Uses
Best Use
Office B
$5.09M
$4.46M – $5.94M
NOI $356,444 @ 7.0% cap · market cap 6.73%
Second Best
Healthcare Medical
$2.26M
$1.97M – $2.63M
NOI $157,906 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$5.70M
$4.99M – $6.65M
NOI $399,139 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 85208, AZ
36,820
Population
18,699
Households
2
Avg Household Size
45
Median Age
21%
College-Educated
89%
High-School Grad
8.1 sq mi
ZIP Area
4,546
Density / Sq Mi
$68,452
Median Household Income
$40,913
Median Earnings
$1,438
Median Rent
$261,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Mesa, AZ
Properties on Market for Medical Office Space in Mesa
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Stabilized medical office complex in Mesa, Arizona, 92% leased.
Where is this medical office space located?
The property is located at 7525 E Broadway Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $5,295,000.
What are key features of this property?
This property features: High‑yield, stabilized medical office complex with 92% occupancy and a diverse tenant roster.; Seller‑guaranteed rent for vacant suite ensures immediate and reliable cash flow.; Located in a dense, mature, medically‑focused community with a large patient base (280,000 residents within 5 miles).
