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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
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Alan D Wamboldt
- Health Care and Social Assistance
- -
- -
- -
- Broadway East Internists
- Health Care and Social Assistance
- -
- -
- -
- EMPWR, LLC
- Professional, Scientific, and Technical Services
- -
- -
- -
-
- Health Care and Social Assistance
- -
- -
- -
IntraCare began in 2013 as Premier Patient Healthcare and was formed to transform healthcare by positioning patients at the center of care. The company operates across primary care, internal medicine, family medicine, chronic disease management, telemedicine, care coordination, and Medicare Shared Savings Program accountable care organization services, with a focus on coordinated preventive care and improved outcomes for older adults. IntraCare also supports physician partners through managed provider network and medical group offerings, combining clinical services with systems designed to improve quality, savings, and shared accountability across its care ecosystem.
- Hearing Solutions Of Arizona
- Health Care and Social Assistance
- -
- -
- -
- Lloyd Brenden, MD, FAAD
- Health Care and Social Assistance
- -
- -
- -
-
- Health Care and Social Assistance
- -
- -
- -
On The Mend Physical Therapy specialize in treating musculoskeletal disorders and offering solutions for eliminating pain and restoring motion. Their highly trained physical therapists help their patients return to pain-free living.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Alan D Wamboldt | Health Care and Social Assistance | - | - | - | ||
| Broadway East Internists | Health Care and Social Assistance | - | - | - | ||
| EMPWR, LLC | Professional, Scientific, and Technical Services | - | - | - | ||
|
|
Health Care and Social Assistance | - | - | - | ||
| Hearing Solutions Of Arizona | Health Care and Social Assistance | - | - | - | ||
| Lloyd Brenden, MD, FAAD | Health Care and Social Assistance | - | - | - | ||
|
|
Health Care and Social Assistance | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 5 | 2,449 SF | Medical | Partial Build-Out | Now |
1st Fl-Ste 5
| Size |
| 2,449 SF |
| Space Use |
| Medical |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 5
| Size | 2,449 SF |
| Space Use | Medical |
| Build-Out | Partial Build-Out |
| Available | Now |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 218-58-480 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $364,854 |
Property Taxes
Parcel Number
218-58-480
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$364,854
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Broadway East Medical Center | 7525 E Broadway Rd
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