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Dobson Medical 2204 S Dobson Rd 16,560 SF 100% Leased Office Building Mesa, AZ 85202 $4,000,000 ($241.55/SF) 6.60% Cap Rate
EXECUTIVE SUMMARY
• 100% leased to a diverse mix of medical tenants.
• Two-story medical office complex totaling ±16,442 SF.
• Starting in 2018, all suites except one have been extensively renovated and new tenancy put into place.
• Roof scheduled for recoat Jan, 2026 with 10-year warranty.
• Rare podium-style with parking beneath the longest of two buildings, providing covered reserved parking almost completely sheltered from direct sun.
• Small and manageable ±2,700 SF average tenant size, which results in lower tenant improvement costs as leases roll.
• Timeless, yet modern, red brick construction featuring shaded breezeways, storefront windows, and aesthetic arched canopies.
• Both buildings, walkways, and suite entrances are situated along Dobson Lake, creating a unique and tranquil setting.
• ±1.5-mile from Banner Desert Medical Center, a 605-bed, full-service hospital.
• Conveniently located ±1-mile from the Loop 101 and US-60, from which the entire Valley’s freeway system can be accessed.
Within walking distance from a large concentration of restaurants and shops at Dobson Shores, Dobson Ranch Center, and Baseline Center at Dobson Ranch.
• An impressive ±11.2 million SF of retail amenities are located within a three (3) mile radius.
±2-miles from Fiesta Mall’s mixed-use redevelopment site, which will include 4,000 housing units, approximately 1.85 million SF of retail amenity space, and over 500,000 SF of open space.
• Two-story medical office complex totaling ±16,442 SF.
• Starting in 2018, all suites except one have been extensively renovated and new tenancy put into place.
• Roof scheduled for recoat Jan, 2026 with 10-year warranty.
• Rare podium-style with parking beneath the longest of two buildings, providing covered reserved parking almost completely sheltered from direct sun.
• Small and manageable ±2,700 SF average tenant size, which results in lower tenant improvement costs as leases roll.
• Timeless, yet modern, red brick construction featuring shaded breezeways, storefront windows, and aesthetic arched canopies.
• Both buildings, walkways, and suite entrances are situated along Dobson Lake, creating a unique and tranquil setting.
• ±1.5-mile from Banner Desert Medical Center, a 605-bed, full-service hospital.
• Conveniently located ±1-mile from the Loop 101 and US-60, from which the entire Valley’s freeway system can be accessed.
Within walking distance from a large concentration of restaurants and shops at Dobson Shores, Dobson Ranch Center, and Baseline Center at Dobson Ranch.
• An impressive ±11.2 million SF of retail amenities are located within a three (3) mile radius.
±2-miles from Fiesta Mall’s mixed-use redevelopment site, which will include 4,000 housing units, approximately 1.85 million SF of retail amenity space, and over 500,000 SF of open space.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
16,560 SF
Building Class
B
Year Built/Renovated
1984/2003
Price
$4,000,000
Price Per SF
$241.55
Cap Rate
6.60%
NOI
$264,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,280 SF
Building FAR
0.31
Lot Size
1.22 AC
Zoning
C-2, Mesa - Commercial, C-2
Parking
94 Spaces (5.5 Spaces per 1,000 SF Leased)
AMENITIES
- Courtyard
- Golf Course
- Waterfront
- Wheelchair Accessible
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 305-10-136 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $236,393 |
PROPERTY TAXES
Parcel Number
305-10-136
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$236,393
CONTACTS
-
Eric Wichterman -
Stephanie Adams -
Diana Hernandez -
Christopher Toci -
Cushman & Wakefield
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Dobson Medical | 2204 S Dobson Rd
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