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Property profile

1981 Bonanza Ct Gilbert, AZ 85297

OFF-MARKET
Medical Office Space
Property ID
US07-2638563
View Sample
41,670 SF 2.75 ac lot Built 2023
Entity Owned 6-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional Class A medical office building, located at 1981 E Bonanza Court in Gilbert, Arizona, presents a unique leasing opportunity. Completed in 2023, this two-story, 20,578 square foot facility boasts a prime location directly adjacent to Mercy Gilbert Medical Center, a full-service hospital. The building features modern amenities, including elevators and direct second-floor lobby exposure. A significant 4,704 square feet of contiguous space is currently available, ideal for a variety of medical practices. The building's strategic location offers unparalleled visibility and accessibility, with over 45,238 vehicles passing daily. Its proximity to Loop 202 ensures convenient access to surrounding areas, including Phoenix Mesa Gateway Airport (5.7 miles) and SanTan Village Marketplace (1.4 miles). The building sits on 2.74 acres of land in the thriving Gilbert submarket of Maricopa County. The high-traffic location, coupled with the strong demographics of the area (average household income of $127,427), makes this an exceptional opportunity for healthcare providers seeking high visibility and patient convenience. An on-site surgery center adds further value to this already impressive property. The building's APN is 304-53-235. This is a multi-tenant building with one space currently available. The building features modern design and is ready for immediate occupancy. Advanced plastic surgery is already an established tenant.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2023
Total area 41,670 SF
Lot 2.75 ac (119,712 SF)
Zoning code GO
APN 304-53-235
UPID US07-2638563

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Locksmith (Bike/Boat/Book/etc) Store
  • Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.15M

Owner & transaction history

since 2020
Last sale
$1.6M
5 recorded transactions
2021
Price N/A
2020
$1.6M
2016
Price N/A
2012
Price N/A
2005
$1.1M

Zoning & alternative use

GO · Gilbert, AZ
Zoning description

The General Office district is the most intensive office zoning district. Designated for large scale, single or multiple story medical, professional, general or service type office uses. The only residential land uses al…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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