Current Use by Public Records
- Office Spaces
Property Details for 3451 Mercy Dr
- Year built
- 2016
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional 17,611 square foot office building in Gilbert, Arizona, presents a compelling investment opportunity. Located at 3451 S Mercy Drive, this property boasts a highly visible location adjacent to Dignity Health Mercy Gilbert Medical Center, offering unparalleled access to a substantial patient and employee base. The building features a 100% NNN lease with a strong credit tenant, expiring March 31, 2031. The property enjoys excellent access to the Loop-202 Freeway, placing it within seven miles of Phoenix-Mesa Gateway Airport, Arizona State University Polytechnic Campus, and Chandler-Gilbert Community College. Built in 2016, this executive and medical office space provides ample parking (5.7 spaces per 1,000 sq ft). With a current NOI of $534,869 and an asking price of $8,914,500, this investment offers a compelling 6.00% cap rate. The property's strategic location, strong tenant, and favorable lease terms make it an ideal addition to any investment portfolio. The building's proximity to major transportation arteries and prominent educational and medical institutions ensures long-term value and stability. This is a rare opportunity to acquire a high-performing asset in a thriving market.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gilbert
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.749
- Latitude
- 33.2875
