3230 Gilbert Rd Chandler, AZ 85286

Property Details for 3230 Gilbert Rd

Year built

2007

Property size

2,301 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a fully occupied, 2,301 square foot Class B medical office condominium in Chandler, Arizona. Located at 3230 South Gilbert Road, Suite 4, this single-tenant property boasts a strong 6.25% cap rate, generating a net operating income (NOI) of $72,257.67. The property features a ten-year NNN lease with a dental provider, commencing November 24, 2019, and expiring November 23, 2029, with approximately six years remaining. The lease includes a favorable 3% annual rent increase. Situated in the rapidly growing southeast Chandler area, this property benefits from high demographics and a rising population. The building is part of the well-maintained Carmel Professional Condominiums, offering ample parking, professional landscaping, and building signage. Its convenient location provides easy access to Loop 202 and numerous business, retail, and medical amenities. The property was built in 2007 and is zoned PAD by the City of Chandler. The asking price is $1,156,122, translating to a price per square foot of $502.44. This is a rare opportunity to acquire a stable, high-performing medical office investment in a prime location. The property's strong tenant, long-term lease, and favorable location make it an attractive investment for discerning buyers.

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Longitude

-111.79

Latitude

33.2597