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Property profile & analytics
OFF-MARKET
Office Spaces

3451 Mercy Dr Gilbert, AZ 85297

17,611 SF Built 2016
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 2016
Total area 17,611 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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