Property Listing No Longer Available for Sale

604 W Warner Rd. Bldg E, Chandler, AZ

Health Care for Sale - $1,883,883 - 14,500 Sq. Ft. on 4.82 acres


Property Info

CIMLS#971508
Location
  604 W Warner Rd. Bldg E
  Chandler AZ 85225
UpdatedDecember 29th, 2017
TypeHealth Care
Price$1,883,883
Building14,500 Sq. Ft.
Land4.82 acres

Property Description

Fully-leased, multi-tenant, medical investment offering located in Warner Medical Park, a high-quality, in-fill office condominium project located in Chandler, Arizona. Warner Medical Park consists of five (5) buildings that is home to a diverse medical tenant roster that benefits from the attractive neighboring demographics, with well-kept common areas and ample parking.

Location Description:

604 W Warner Rd. Bldg E

Highlights:

>> Building Size: +/- 14,500 SF

>> Sales Price: $1,883,883

>> CAP Rate: 7.63%

>> NOI: $143,623

>> Block construction. Well-maintained

>> Two-Story Building (elevator served)

>> Strategically located in between Banner Desert Medical Center, Cardon Children's Medical Center, Dignity Health Chandler & Gilbert Regional Medical Centers

>> HOA professionally managed by Victoria Property Management. Balance in Owners' Reserve Account is $127,243.00 as of December 2017 (Warner Medical Park Unit Owners' Association)

>> 2nd floor medical office recently renovated

>> Ample parking: 55 parking spaces (15 covered)

>> Multi-tenant medical office building with successful practices and established patient base


Financials