323 N Gilbert Rd | Mesa, AZ 85203
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- LoopNet Team
323 N Gilbert Rd
Mesa, AZ 85203
Gilbert Square Shopping Center · Retail Property For Sale
Investment Highlights
- Attractive In-Place Cap Rate of 7.17%. Well above the Metro Phoenix average of 6.95%
- Annual Rent Increases To Help Increase Cash Flow. All 10 tenants have annual increases
- Low Maintenance Asset with low operating expenses of $3.29 per square foot
- Below Average Price Per Sq. Ft. of $204. Metro Phoenix average shopping center price psf is $246
- All Tenants on NNN Leases. Reimbursing for property taxes, common area maintenance, insurance & property management
- Extremely High Density Location. The population is nearly 164,000 within 3 miles and the intersection sees over 57,000 vehicles per day
Property Facts
Property Type
Retail
Building Size
23,929 SF
Building Class
C
Year Built
1986
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.37
Lot Size
1.50 AC
Zoning
LC
Parking
114 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
237’ on N Gilbert Rd
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 140-24-006M | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $241,856 |
Property Taxes
Parcel Number
140-24-006M
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$241,856
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