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Broadway East Medical Center 7525 E Broadway Rd 20,802 SF 88% Leased Office Building Mesa, AZ 85208 $5,295,000 ($254.54/SF) 7.08% Cap Rate

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Investment Highlights

  • Stabilized Medical Office Asset – 20,802 SF, two-building medical office complex on ±2.14 acres with a campus layout and strong medical identity
  • Secure Day-One Cash Flow – 88.23% leased with seller-guaranteed rent on the vacant suite, effectively delivering pro forma income from closing
  • Strong Market Fundamentals – Located in the Mesa East submarket with zero new office construction, positive net absorption, & 2.4% annual rent growth
  • Attractive Yield – Offered at $5,295,000 ($254/SF) with a 7.08% cap rate and approximately $375,000 NOI
  • Recession-Resistant Tenant Mix – Diverse roster of essential healthcare providers reduces single-tenant risk and supports long-term stability
  • Proximity to Major Hospitals – Approximately 1.3 miles from Banner Baywood Medical Center & Banner Heart Hospital, reinforcing tenant demand & traffic

Executive Summary

Broadway East Medical Center is a stabilized, multi-tenant medical office investment located at 7525 E Broadway Road in Mesa, Arizona, offered at $5,295,000 and delivering a 7.08% cap rate. The two-building, campus-style complex totals 20,802 square feet and is currently 88.23% occupied by a diversified and synergistic mix of established medical providers, including cardiology, primary care, pain management, audiology, podiatry, and pediatric physical therapy. The income stream is further de-risked by a seller-guaranteed rent on the remaining vacancy, providing investors with secure, predictable cash flow from day one. Situated in the supply-constrained Mesa East submarket—where there is zero office construction underway and strong positive absorption—the property benefits from accelerating rent growth, recession-resistant tenancy, and long-term upside through future lease roll-ups and continued medical demand. With strong in-place NOI, durable fundamentals, and proximity to major hospital systems, Broadway East Medical Center presents an attractive opportunity for investors seeking stable yield with embedded growth potential.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
20,802 SF
Building Class
C
Year Built
1997
Price
$5,295,000
Price Per SF
$254.54
Cap Rate
7.08%
NOI
$374,886
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
20,802 SF
Building FAR
0.22
Lot Size
2.14 AC
Zoning
R-S - R-S
Parking
130 Spaces (6.25 Spaces per 1,000 SF Leased)

Amenities

  • Property Manager on Site
  • Kitchen
  • Central Heating
  • Partitioned Offices
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 5
  • 2,449 SF
  • Medical
  • Partial Build-Out
  • Nov 2026

Available 11/1/26 Contiguous with Suite 6 up to ±3,833 SF

Space Size Space Use Condition Available
1st Fl-Ste 5 2,449 SF Medical Partial Build-Out Nov 2026

1st Fl-Ste 5

Size
2,449 SF
Space Use
Medical
Condition
Partial Build-Out
Available
Nov 2026

1st Fl-Ste 5

Size 2,449 SF
Space Use Medical
Condition Partial Build-Out
Available Nov 2026

Available 11/1/26 Contiguous with Suite 6 up to ±3,833 SF

Property Taxes

Property Taxes

Parcel Number
218-58-480
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$364,854
  • Listing ID: 39713259

  • Date on Market: 3/9/2026

  • Last Updated:

  • Address: 7525 E Broadway Rd, Mesa, AZ 85208

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