1528 Williams Field Rd Gilbert, AZ 85295
- Office Properties & Spaces
- 92,041 SF
- 6.54 lot acres
Current Use by Public Records
- First American Title Insurance Company / Title Company / Escrow Service
- Security Title Agency / Title Company
- Traci Gratzek / Mortgage Lender
- The Hollenback Team at Eagle Home Mortgage / Mortgage Lender
- The Whalen Team, at NOVA Home Loans / Mortgage Lender / Mortgage Broker
Property Details for 1528 Williams Field Rd
- Year built
- 2009
- Lot size
- 6.54 lot acres
- Property size
- 92,041 SF
- Property type
- Office Properties & Spaces
Description
Exceptional investment opportunity: The Forum at Gilbert Ranch, a stabilized Class A office and medical campus in Gilbert, Arizona, presents a compelling investment opportunity. This 92,041 square foot property comprises five, two-story steel-framed buildings on a 6.54-acre lot (APN 304-42-839). Built in 2009 and renovated in 2016, the campus boasts modern construction, exceptional glass lines, and a rare feature: subterranean and covered parking with a generous 4.4/1,000 SF parking ratio. Currently 96.4% occupied with a diverse tenant base and staggered lease rollovers, this property offers stable cash flow and significant upside potential. The average suite size of 4,500 square feet aligns well with the market demand, and in-place rents are approximately 8% below market, allowing for future rent increases. The property benefits from its prime location in Gilbert's thriving East Valley, a rapidly growing area with strong corporate and technology presence, including major companies like Liberty Mutual, Verizon, and PayPal. The area's population growth is significantly outpacing national averages, and Gilbert itself has experienced remarkable growth in recent decades. The campus enjoys excellent access to major transportation arteries, including Loop 202 and Phoenix-Mesa Gateway Airport, with proximity to Sky Harbor International Airport and downtown Phoenix. Furthermore, the strong medical demand in the area, anchored by a nearby medical center, and abundant surrounding retail options, including a large open-air mall, contribute to the property's overall attractiveness. The asking price is $26,398,000, representing a cap rate of 7.98% and a price per square foot of $286.81. This property offers a unique blend of strong fundamentals, prime location, and significant growth potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gilbert
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.757
- Latitude
- 33.3078
