715 N Gilbert Rd 7,212 SF Vacant Office Building Mesa, AZ 85203 $1,500,000 ($207.99/SF) 8.65% Cap Rate

This is an exceptional opportunity to acquire a 7,212 SF freestanding professional office and/or medical building on 0.65 acres in the highly desirable Mesa market. The property is zoned OC (Office Commercial). The building features a flexible layout, currently configured as Two Suites (with separate entrances) connected by a shared hallway. Inside, you'll find 15 Built Private Offices with the option to add more, Multiple Bullpen/Gathering Areas, a Designated Conference Room, six (6) Total Restrooms, and a Large Break Room/Kitchen. Exterior amenities include an Outdoor Patio Area, 30 Parking Spaces (8 covered), and highly visible Monument Signage on Gilbert Road.
For an investor, the property is being offered at an 8.65% Cap Rate at the current offering price. The investment thesis is strengthened by the potential to structure a Brand New Triple Net Lease at the close of escrow. The prospective tenant is a Licensed Provider for the Division of Developmental Disabilities (DDD) Program in Arizona with a record of strong financials and multiple locations throughout the state. Furthermore, the new buyer has the unique flexibility to draft their own Lease Agreement.
Alternatively, the property is available for an Owner/User and is ready for Immediate Occupancy.
This property offers significant upside for either an investor seeking strong, stable cash flow or an owner/user looking for a well-located, professional facility with ready-to-use infrastructure.