1220 Higley RdMesa, AZ 85206

Property Details for 1220 Higley Rd

Year built

2007

Construction

STEEL FRAME

Lot size

2.01 AC

Property size (Sq ft)

18,017 SF

Zone code

LC

Property type

Medical offices

Property subtype

Medical centers

APN

140-54-005U

APU

14054005U

Description

This exceptional two-story medical office building, totaling 18,928 square feet, presents a prime leasing opportunity in Mesa, Arizona's Superstition Corridor submarket. Located at 1220 S Higley Rd, this Class B property, built in 2007, offers 4,202 square feet of immediately available space, with a maximum contiguous space of 4,202 square feet. The building features 110 parking spaces and convenient elevator access. Its strategic location less than half a mile north of US-60 and one mile from Banner Gateway Medical Center ensures high visibility and accessibility for both patients and staff. Boasting a prominent Higley Road frontage with over 37,058 vehicles passing daily, this property benefits from significant traffic exposure. The building sits on two acres of land and is zoned C-C. Attractive tenant improvement (TI) allowances are available, allowing for customization to suit diverse medical and professional needs. The proximity to Banner Baywood and Banner Gateway Medical Centers, coupled with easy access to retail amenities, makes this a highly desirable location. This is a single building, two-story structure in Maricopa County, Arizona, with the APN 140-54-005U and zip code 85206.

• CAP approach

  CAP return

  Valuation

  6%

  $6,473,150

  6.5%

  $5,975,220

  7%

  $5,548,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,064,270

  Geo Method

  $4,064,270

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,748,800

  Retail / Commercial

  $6,027,670

  Mixed-Use / Specialty

  $6,008,500

  Hospitality / Lodging

  $4,411,260

  Institutional / Educational

  $6,247,250

  Residential Income

  $7,309,280

  Multifamily

  $8,753,520

  Automotive / Energy

  $5,354,780

  Parking / Income-Based Land

  $1,845,580

  Restaurant / Food Service

  $3,130,010

  Healthcare / Senior Housing

  $6,159,230

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3926

Longitude

-111.72

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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