Exceptional income-producing property priced BELOW MARKET, featuring stable long-term tenants and a strong 6.68% CAP Rate, with the potential to reach 7.68% once the 1,900 sq.ft. basement office is leased. The basement suite offers affordability, privacy, and a unique work environment, and is available at $14/sq.ft., making it attractive to a wide range of professional users.
Located in a prime Gilbert-adjacent corridor at Mesa pricing, this property sits just west of Gilbert Road and near the US-60, providing excellent accessibility. It borders the Town of Gilbert, which is directly across the street, enhancing its appeal to both Mesa and Gilbert clientele.
The seller is offering Seller Carry financing of $1,250,000 at 6% interest-only, creating an attractive opportunity for investors seeking flexible terms.
This building is ideal for medical, wellness, or professional office users, supported by its established use and strong surrounding demographics. Current tenants include:
• Pediatric Office – 2,400 sq.ft.
• Pinnacle Dermatology – 4,800 sq.ft.
The Learning Center tenant has 2 years remaining on a 5-year lease, and the Dermatology tenant has 1-year remaining on their 5-year term. Leasing efforts are underway for the basement office to further enhance income. See Rent Roll in the Photos tab.