Gilbert Medical Plaza

Transcription

1 Investment Sale Gilbert Medical Plaza Gilbert, AZ Service. Innovation. Solutions

2 201 W Guadalupe Road Gilbert, Arizona ,142 Square Feet Medical Offices Centrally Located in Gilbert, Arizona Contents Table of I. Executive Summary II. Property Overview III. Aerial Map IV.. Tenant Overview V. Demographics VI. Rent Roll & Expenses VII. Confidentiality Agreement Tanner Milne, MBA, CCIM Designated Broker office tanner@menlocre.com Grafton Milne, CCIM Senior Vice President office grafton@menlocre.com 2

3 Summary Executive The Gilbert Medical Center is located on Guadalupe Road just west of Gilbert Rd in Gilbert, Arizona. This two building, 35,142 SF multi-tenant office center offers ample surface and covered parking, monument signage, and beautifully landscaped common areas. The prime location, upscale amenities, and full occupancy make this the ideal investment for any commercial real estate buyer. Located in a high traffic area of Gilbert, Arizona, the property has frontage on busy Guadalupe Road and sees an average of 23,000 vehicles passing daily. This is an established project that has been in the community for nearly thirty years and boasts several long term tenants. Close proximity to the US 60 freeway makes it accessible to nearly any part of the valley. It is located in a dense residential area that continues to see growth annually. The buildings are 100% occupied and have 14 tenants occupying suites ranging in size from under 1,000 SF to over 8,000 SF. This investment has the stability of many long-term tenants mixed with the growth of the newer tenants as the Arizona real estate market continues to improve. Sales Price: $4,684, NOI: $339, Cap Rate: 7.25% 3

4 Overview Property Guadalupe Road 201 W Guadalupe Road Gilbert, Arizona Address 201 W Guadalupe Road Gilbert, Arizona Current Tenancy 14 Medical Tenants CAP Rate 7.25% Term Length See Rent Rolls Year Built 1986 Square Footage 35,142 Square Feet Lot Size 152,155 Square Feet Building Height Two Buildings, Two Stories Street Frontage Guadalupe Road Ingress/Egress Guadalupe Road Landscaping Large Trees and Shrubs Water/Sewer City of Gilbert Street Intersection Guadalupe Road West of Gilbert Road Interior Finish Built out Medical Offices Zoning NO Accesor Parcel Number H, E, G 4

5 Prime Gilbert Location 5

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7 Happy Valley Rd. Pinnacle Peak Rd. Deer Valley Rd. Metro Phoenix Transportation Map AGUA FRIA FWY. Union Hills Dr. Bell Rd. Tatum Blvd. 101 Greenway Rd. AGUA FRIA FWY. Avondale Tolleson Peoria 99th Ave. 91st Ave. Glendale 75th Ave th Ave. METROCENTER MALL 59th Ave. Glendale Downtown Mountain View Rd. 43rd Ave. Dunlap Ave. Bethany Home Rd. Interstate 10 West 35th Ave. 27th Ave. PAPAGO FWY. Washington St. Jefferson St. LEGEND Existing light rail allignment Northwest extension Future light rail corridors for further study Buckeye Rd. NORTH 17 Thunderbird Rd. Cactus Rd. Peoria Ave. BLACK CANYON FWY. Northern Ave. Glendale Ave. Montebello Ave. Cave Creek Rd. Thomas Rd. Phoenix 19th Ave. Northwest Extension SPECTRUM MALL Valley Metro Rail Line MARICOPA FWY. 7th Ave. Central Ave. 7th St. 16th St PIESTEWA FWY. Camelback Rd. Indian School Rd. McDowell Rd. Van Buren St. 32nd St. Paradise Valley 44th St. Sky Harbor Int'l Airport Cactus Rd. HOHOKAM FWY. 143 Guadalupe Rd. Elliot Rd. PARADISE VALLEY MALL 48th St. Paradise Valley Priest Dr. Mill l Ave. Kyrene Rd. Tempe Sco ttsdale Apache Blvd. Tempe Extension n Rural Rd. Warner Rd. Ray Rd. McClintock D Dr. PIMA FWY. 101 RED MOUNTAIN FWY. ASU Valley Metro Rail Line 202 Sycamore Dobson Rd. 201 W Guadalupe Mesa Downtown Alma School Rd. McKellips Rd. Mesa Dr. Main St. Broadway Rd. Southern Ave. McQeen Rd. Stapley Rd. R Brown Rd. University Dr. Mesa Gilbert Rd. Baseline Rd. Lindsay Rd. Val Vista Dr. Greenfield Rd. Higley Rd. Gilbert 60 Recker Rd. SUPERSTITION FWY. 10 Chandler Blvd. Pecos Rd. SANTAN FWY. 202 Germann Rd. Chandler Queen Creek 7

8 Overview Tenant Gilbert Medical Center has a variety of medical tenants ranging from a women s health center to a physical therapist. All fourteen tenants are established in the medical community, some of which have been located in the Gilbert Medical Center for 15 years. The property is at 100% occupancy with leases expiring in the next 2-5 years. Holly Lerma, DDS Noteable Enterprises, LLC Pure Chiropractic Tina Marcantel, NMD Valley Gastroenterology EV Chiropractic Med Ex Paramedical Cornerstone Property Services Comprehensive Women s Health RHC, II Bustillo Physical Therapy Renaissance Recovery Center, LLC Good Sound Audiology Dr. Thomas Hale 8

9 Demographics 201 W Guadalupe Road Gilbert, Arizona Trends Household Income Summary Census Population 125, , ,305 Households 43,048 43,964 33,460 Families 31,416 31,900 33,460 Average Household Size Owner Occupied Housing Units 28,719 28,236 30,112 Renter Occupied Housing Units 14,329 15,728 16,291 Median Age

10 Rent Roll & Expenses Total 10

11 Expenses 11

12 Exterior Photos 12

13 Interior Photos 13

14 Agreement Confidentiality The information contained in this Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Menlo Group Commercial Real Estate and should not be made available to any other person or entity without the written consent of Menlo Group. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Menlo Group has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Menlo Group has not verified, and will not verify, any of the information contained herein, nor has Menlo Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT LISTING AGENT FOR MORE DETAILS. 14