800 Chandler Blvd Chandler, AZ 85225-2508
- Medical offices
- 7,146 SF
- 0.05 lot acres
Current Use by Public Records
- Serrano Orthodontics / Orthodontist
- Delbert Kyger, DDS, MS / Orthodontist
- Pinnacle Home Sleep Testing / Sleep Clinic
- Villa Nueva (Wishing Well) / Mobile Home Park
- Clear Scan Imaging Center / Medical Diagnostic Imaging Center
Property Details for 800 Chandler Blvd
- Year built
- 1993
- Lot size
- 0.05 lot acres
- Property size
- 7,146 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 302-52-146
- APU
- 30252146
Description
This exceptional investment opportunity presents a single-tenant, Class A medical office building in Chandler, Arizona's thriving Phoenix MSA. The 2,423 square foot building is 100% occupied by Specialized Dental Partners, a leading specialty dental services organization with over 200 locations nationwide and backed by Quad-C Management, a prominent private equity firm. The property boasts a strong financial profile, including a 6.5% cap rate and a Net Operating Income (NOI) of $71,250. The current lease is a Net Lease (NNN) with a remaining term of five years and features attractive 2.5% annual rent increases, providing inflation protection. The building underwent significant interior renovations in 2021, totaling approximately $300,000, resulting in first-class finishes and high-quality construction. The property's strategic location on Chandler Boulevard offers easy access to major freeways (Loop 101 and Loop 202), placing it within close proximity to other medical facilities, including Chandler Regional Medical Center. The surrounding area exhibits robust demographics, with a high average household income and a rapidly expanding population. The lease includes two, 5-year renewal options, further enhancing the long-term value of this investment. The fee-simple condo ownership structure provides additional flexibility. This is a rare opportunity to acquire a stable, high-performing medical office asset in one of the nation's fastest-growing markets. The property's APN is 302-52-142 & 302-52-143. Built in 1993 and renovated in 2021, this property offers a compelling combination of established tenancy and modern amenities.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chandler
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.855
- Latitude
- 33.3064
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
