1425 Elliot RdGilbert, AZ 85233

This exceptional investment opportunity presents two fully leased Class B office condos totaling 29,791 square feet, situated in the prestigious Oasis at the Islands in Gilbert, Arizona. Located at 1425 West Elliot Road, zip code 85233, this property boasts a current asking price of $1,131,000, offering a compelling return on investment. The property consists of two units, each available for sale individually. Suite 206, measuring 1,598 square feet, is listed at $499,000 and features a modified gross lease with a current rate of $18.49 per square foot, occupied since 2018, and expiring December 31, 2025, with annual escalations of 3.71%. Its current NOI is $22,362. Suite 207, encompassing 1,900 square feet, is priced at $632,000 and is under a triple net (NNN) lease with a current rate of $19.13 per square foot, occupied since 2021, and expiring August 31, 2026. Estimated NNN expenses are $5.47 per square foot. This suite generates a current NOI of $36,347. The combined NOI for both units is $58,709. This property offers a unique opportunity to acquire a high-performing, fully occupied investment in a desirable Gilbert location. The property is situated in Maricopa County.