1482 E Williams Field Rd - Office CONDO FOR SALE


Gilbert, AZ 85295- South Gilbert
$2,605,420 USD
602-561-1339
1482 E Williams Field Rd, Gilbert, AZ for Sale
$2,605,420 USD
Office CONDO - FOR SALE
1/14
null | 6.75% Cap Rate

1482 E Williams Field Rd
Gilbert, AZ 85295
South Gilbert


HIGHLIGHTS

  • The property is 100% leased to two established tenants operating in the healthcare and professional services industries.
  • Long-term leases with annual rent escalations provide predictable income growth and reduce near-term rollover exposure.
  • Located near Loop 202, Phoenix-Mesa Gateway Airport, Mercy Gilbert Medical Center, and SanTan Village.
  • Diversified tenancy combines healthcare and title services, creating multiple sources of rental income.
  • Monument and building signage enhance visibility along the Williams Field Road corridor.
  • The asset may be acquired as a portfolio of two condominium units, offering ownership flexibility for investors.

OVERVIEW

1482 E Williams Field Rd, Suites 101 and 104 presents the opportunity to acquire a fully leased medical and professional office investment within The Forum @ Gilbert Ranch, one of Gilbert's established commercial developments. The offering consists of two condominium units occupied by AZ Pediatric Assessment Center and Great American Title Agency, providing diversified income from both healthcare and real estate services sectors. The asset is offered with a projected year-forward net operating income of $175,866 and a stated cap rate of 6.75%, creating immediate in-place cash flow supported by long-term tenancy. Positioned near the intersection of Williams Field Road and Val Vista Drive, the property benefits from direct access to Loop 202 and convenient connectivity throughout the Southeast Valley. The location is minutes from Phoenix-Mesa Gateway Airport, Mercy Gilbert Medical Center, SanTan Village, and numerous retail and dining amenities that support tenant retention and daily business activity. The surrounding Gateway Airport/Loop 202 corridor continues to attract investment and corporate growth, supported by strong office fundamentals and ongoing commercial development. The investment combines stable occupancy with a favorable tenant profile. AZ Pediatric Assessment Center provides specialized pediatric diagnostic and psychological services, while Great American Title Agency is an established Arizona title insurance and escrow provider. Annual rent increases and lease expirations extending through 2029 and 2031 provide predictable revenue growth and income stability. With monument signage, professional office buildouts, and a location within one of the Phoenix area's most active employment and healthcare corridors, the property offers investors a stabilized asset in a well-established commercial environment.

FOR SALE DETAILS

PRICE

$2,605,420 USD

PRICE/SF

$433 USD /SF

CAP RATE

6.75%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Forum at Gilbert Ranch

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

9,482 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

C-C

APN/PARCEL ID

304-42-972,304-42-973

ASK ABOUT THIS PROPERTY

Matt ZaccardiCommercial Properties, Inc.More Info
602-561-1339

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Matt ZaccardiCommercial Properties, Inc.More Info
602-561-1339

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.