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Investment Highlights

  • new construction; all surface parking; great customer /patient access and convenience. Lots of retail amenities nearby

Executive Summary

Ground Up Office Condominium project; expected to break ground late 3Q2023; expect shell delivery late 2024; Developer/Contractor can start buyer's tenant improvements during shell construction if buyer has tenant improvement permit in hand. Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).

Data Room Click Here to Access

10 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 1
  • 19,006 SF
  • Office/Medical
  • $7,602,400 ($400.00/SF)
  • -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
  • Unit 2
  • 19,006 SF
  • Office/Medical
  • $7,602,400 ($400.00/SF)
  • -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
  • Unit 3
  • 9,516 SF
  • Office/Medical
  • $3,806,400 ($400.00/SF)
  • -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
  • Unit 4
  • 9,516 SF
  • Office/Medical
  • $3,806,400 ($400.00/SF)
  • -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
  • Unit 5
  • 9,516 SF
  • Office/Medical
  • $3,806,400 ($400.00/SF)
  • -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
  • Unit 6
  • 9,516 SF
  • Office/Medical
  • $3,806,400 ($400.00/SF)
  • -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
  • Unit 7
  • 9,516 SF
  • Office/Medical
  • $3,806,400 ($400.00/SF)
  • -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
  • Unit 8
  • 9,516 SF
  • Office/Medical
  • $3,806,400 ($400.00/SF)
  • -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
  • Unit 9
  • 9,516 SF
  • Office/Medical
  • $3,806,400 ($400.00/SF)
  • -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).
  • Unit 10
  • 9,516 SF
  • Office/Medical
  • $3,806,400 ($400.00/SF)
  • -
Sale Type Investment or Owner User
Description
Ground Up Office Condominium project; expected to break ground late 3Q2023; expect shell delivery late 2024; Developer/Contractor can start buyer's tenant improvements during shell construction if buyer has tenant improvement permit in hand
Sale Notes
Ground Up Office Condominium project; expected to break ground late 3Q2023; expect shell delivery late 2024; Developer/Contractor can start buyer's tenant improvements during shell construction if buyer has tenant improvement permit in hand
Unit Unit Size Condo Use Price NOI
Unit 1 19,006 SF Office/Medical $7,602,400 ($400.00/SF) -
Unit 2 19,006 SF Office/Medical $7,602,400 ($400.00/SF) -
Unit 3 9,516 SF Office/Medical $3,806,400 ($400.00/SF) -
Unit 4 9,516 SF Office/Medical $3,806,400 ($400.00/SF) -
Unit 5 9,516 SF Office/Medical $3,806,400 ($400.00/SF) -
Unit 6 9,516 SF Office/Medical $3,806,400 ($400.00/SF) -
Unit 7 9,516 SF Office/Medical $3,806,400 ($400.00/SF) -
Unit 8 9,516 SF Office/Medical $3,806,400 ($400.00/SF) -
Unit 9 9,516 SF Office/Medical $3,806,400 ($400.00/SF) -
Unit 10 9,516 SF Office/Medical $3,806,400 ($400.00/SF) -

Unit 1

Unit Size
19,006 SF
Condo Use
Office/Medical
Price
$7,602,400 ($400.00/SF)
NOI
-

Unit 2

Unit Size
19,006 SF
Condo Use
Office/Medical
Price
$7,602,400 ($400.00/SF)
NOI
-

Unit 3

Unit Size
9,516 SF
Condo Use
Office/Medical
Price
$3,806,400 ($400.00/SF)
NOI
-

Unit 4

Unit Size
9,516 SF
Condo Use
Office/Medical
Price
$3,806,400 ($400.00/SF)
NOI
-

Unit 5

Unit Size
9,516 SF
Condo Use
Office/Medical
Price
$3,806,400 ($400.00/SF)
NOI
-

Unit 6

Unit Size
9,516 SF
Condo Use
Office/Medical
Price
$3,806,400 ($400.00/SF)
NOI
-

Unit 7

Unit Size
9,516 SF
Condo Use
Office/Medical
Price
$3,806,400 ($400.00/SF)
NOI
-

Unit 8

Unit Size
9,516 SF
Condo Use
Office/Medical
Price
$3,806,400 ($400.00/SF)
NOI
-

Unit 9

Unit Size
9,516 SF
Condo Use
Office/Medical
Price
$3,806,400 ($400.00/SF)
NOI
-

Unit 10

Unit Size
9,516 SF
Condo Use
Office/Medical
Price
$3,806,400 ($400.00/SF)
NOI
-

Unit 1

Unit Size 19,006 SF
Condo Use Office/Medical
Price $7,602,400 ($400.00/SF)
NOI -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>

Unit 2

Unit Size 19,006 SF
Condo Use Office/Medical
Price $7,602,400 ($400.00/SF)
NOI -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>

Unit 3

Unit Size 9,516 SF
Condo Use Office/Medical
Price $3,806,400 ($400.00/SF)
NOI -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>

Unit 4

Unit Size 9,516 SF
Condo Use Office/Medical
Price $3,806,400 ($400.00/SF)
NOI -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>

Unit 5

Unit Size 9,516 SF
Condo Use Office/Medical
Price $3,806,400 ($400.00/SF)
NOI -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>

Unit 6

Unit Size 9,516 SF
Condo Use Office/Medical
Price $3,806,400 ($400.00/SF)
NOI -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>

Unit 7

Unit Size 9,516 SF
Condo Use Office/Medical
Price $3,806,400 ($400.00/SF)
NOI -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>

Unit 8

Unit Size 9,516 SF
Condo Use Office/Medical
Price $3,806,400 ($400.00/SF)
NOI -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>

Unit 9

Unit Size 9,516 SF
Condo Use Office/Medical
Price $3,806,400 ($400.00/SF)
NOI -
Sale Type Investment or Owner User
Description
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>
Sale Notes
Excellent location for any medical practice wishing to own their own building. No hospital use restrictions, so ideal for Surgery Center, other outpatient services that might compete with Mercy Gilbert Medical Center (a Dignity hospital).</li></ul>

Unit 10

Unit Size 9,516 SF
Condo Use Office/Medical
Price $3,806,400 ($400.00/SF)
NOI -
Sale Type Investment or Owner User
Description
Ground Up Office Condominium project; expected to break ground late 3Q2023; expect shell delivery late 2024; Developer/Contractor can start buyer&#39;s tenant improvements during shell construction if buyer has tenant improvement permit in hand</li></ul>
Sale Notes
Ground Up Office Condominium project; expected to break ground late 3Q2023; expect shell delivery late 2024; Developer/Contractor can start buyer&#39;s tenant improvements during shell construction if buyer has tenant improvement permit in hand</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 114,000 SF
Property Type Office
Property Subtype Medical
Building Class A
Floors 1
Typical Floor Size 59,250 SF
Year Built 2026
Lot Size 14.57 AC
Parking Ratio 6.04/1,000 SF
Zoning GO - General Office

Amenities

  • Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
  • Listing ID: 29279579

  • Date on Market: 8/15/2023

  • Last Updated:

  • Address: SEC of Melrose & Rome - 10 Medical/Office Condos, Gilbert, AZ 85297

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