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1660 N Higley Road - Higley Marketplace - Higley Marketplace, Gilbert, AZ

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DetailMap
1660 N Higley Road - Higley Marketplace - Higley Marketplace

Gilbert, AZ 85234 - Superstition Corridor Submarket

(913.4 KB)

Property Type:Office Sub Type:Medical Status:Existing Year Built:2007
Stories:1 Typical Floor:7,500 SF Building Size:7,500 SF
% Leased:
For Sale Price:$3,570,033 Price/SF:$476.00
Cap Rate:6.00 %
Smallest Space:1,000 SF Largest Space:1,000 SF Total Space Avail:1,000 SF Rent/SF/Yr:
Negotiable
Parking:Free Surface spaces are available; Ratio of 7.33/1,000 SF Amenities:Air Conditioning, Bus Line, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,000 SF
Negotiable
Vacant
1-5 yrs
Retail
 
10558426
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,000 SF
Negotiable
Vacant
1-5 yrs
Retail
Located approximately one-half mile from US 60.

Sale Notes:
This 3 tenant net leased property is located at one of the busiest intersections in Gilbert. The major tenant (55% of the building) is Banner Urgent Care guaranteed by Banner Health Inc. Banner Health Inc. is a Moody's AA- credit tenant with significant holdings in Arizona. This site lies just a few hundred feet away from Banners Gateway Medical Center. Banner's lease expires in January of 2028. The second largest tenant Woolf Eyecare (32% of building)has been in this location for 10+ years and recently renewed his lease for an additional 5 years and will now expire in 2023. The smallest tenant Urgent Care Management Solutions (13% of building) expires in April of 2020. All 3 tenants are related to the medical field. This property provides an excellent opportunity for long term risk adverse buyers looking for steady income. All operating costs are passed through and paid for by Tenants.

The Kobold Group
Scott Hintze
(602) 549-4173


ORION Investment Real Estate
Michael Achtman
(480) 887-0597

Jennifer Eggert
(480) 565-3772



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