Historical Office Sale Listing - Gateway Medical Center

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Gateway Medical Center

5656 S. Power Rd., Gilbert Rd., AZ 85295

N/A

17,384 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
17,384 SF
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Investment
Year Built:
2005
Listing ID
17248373
Last Updated
over 1 year ago

Highlights

  • 100% Leased Medical Office Building
  • Long Term Leases in Place with Credit Tenants
  • Located on Campus of Gilbert Hospital
  • Assumable Financing Available

Description

Gateway Medical is a component of one of the first acute care hospitals that emerged in Gilbert, AZ, Gilbert Hospital. Initially, Gilbert Hospital served as a privately-run emergency facility with the ability to care for patients for only 23 hours. Today, it has expanded into its current state as a 42-bed acute care facility receiving considerable publicity as the most efficiently run emergency room in the metropolitan Phoenix area.Simultaneous to Gilbert Hospital?s construction, two medical office buildings were developed on campus totaling approximately 25,000 square feet. Neighboring medical businesses include family practice, podiatry, physical therapy, dentistry, and a clinical laboratory. The subject property is 100% occupied with long term leases in place with credit medical tenants including Gilbert Hospital. Each lease includes healthy annual increases. Assumable financing, fixed at 5.39%, is available.

Located in the heart of Gilbert, AZ, Gateway Medical is situated in one of the most vibrant sub-markets in Phoenix. The campus is directly across the street from emerging Gateway Regional Airport (formerly Williams Field Air Base), Arizona State University?s Polytechnic campus, and Chandler-Gilbert Community College. Future plans for the immediate area include a massive mixed used development on the former GM Proving Grounds. Development plans include a 1,000 plus room hotel and resort, a Gaylord Entertainment national convention, conference, and event center, and 18-hole Tom Fazio designed golf course. Additional plans include mixed use development for office, retail, and shop space.

Map of 5656 S. Power Rd., Gilbert Rd., AZ 85295

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Created 7/15/2011