6116 Arbor AveMesa, AZ 85206

Property Details for 6116 Arbor Ave

Lot size

4.23 AC

Zone code

C-G

Property type

Medical offices

Property subtype

Medical centers

APN

141-57-145

APU

14157145

Description

This fee-simple investment opportunity presents a 13,618-square-foot medical office building in Mesa, Arizona, currently leased to SOAR Autism Center under a 10-year net lease commencing May 1, 2025, and expiring April 30, 2035. The property boasts a 7.00% cap rate and a strong net operating income (NOI) of $333,732. Built in 1999 and renovated in 2025, the building benefits from a prime location within a thriving medical corridor, close to major healthcare facilities like Banner Baywood Medical Hospital and Ironwood Cancer Center. The lease includes attractive 3% annual rent bumps, providing inflation protection, and features two 5-year renewal options. The property is situated in a high-density area with affluent demographics, boasting an average household income exceeding $92,000 within a three-mile radius. This single-tenant, net-lease investment offers passive income generation and significant long-term growth potential within the high-demand autism/behavioral health industry. The asking price is $4,768,000. Additional parking lot income further enhances the property's financial performance.

• CAP approach

  CAP return

  Valuation

  6%

  $58,381,556

  6.5%

  $53,890,668

  7%

  $50,041,336

• Comparable approach

  Method

  Valuation

  Relative Method

  $41,543,264

  Geo Method

  $41,543,264

• Alternative Use

  Use

  Valuation

  Residential

  $66,824,428

  Hospitality

  $61,210,816

  Educational

  $50,926,680

  Medical

  $52,678,128

  Retail

  $79,219,280

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4141

Longitude

-111.699

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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