3451 Mercy Dr Gilbert, AZ 85297
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.