815 Warner RdChandler, AZ 85225

Property Details for 815 Warner Rd

Year built

2005

Construction

STEEL FRAME

Lot size

0.01 AC

Property size (Sq ft)

5,778 SF

Zone code

C-2

Property type

Office buildings

APN

302-39-026

APU

30239026

Description

This exceptional Chandler, Arizona office condo, totaling 1,406 square feet, presents a compelling investment opportunity. Located at 815 E Warner Rd, 85225, within the desirable Warner Gateway Office Park, this property boasts a strong 6.50% cap rate and a Net Operating Income (NOI) of $48,921. Currently leased to Advanced Pain Management under a new, triple-net (NNN) lease commencing August 2024 and extending through July 2029, with a 3% annual rent increase. The lease structure ensures the tenant covers all expenses, including repairs and HVAC maintenance. The property's prime location offers easy access to major tech companies like Intel and PayPal, along with abundant dining and shopping options, including the Chandler Fashion Center. This is a fantastic opportunity for investors seeking a stable, high-return investment in a thriving Arizona market. The property is part of a larger portfolio of seven properties, offering flexibility for potential buyers. The asking price is $752,641, translating to $535.31 per square foot. The property's APN is 302-39-031, 302-39-032, and 302-39-033. This medical and traditional office space is ready for immediate income generation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,326,095

  6.5%

  $1,224,088

  7%

  $1,136,653

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,051,046

  Geo Method

  $1,051,046

• Alternative Use

  Use

  Valuation

  Residential

  $1,517,869

  Hospitality

  $1,390,360

  Educational

  $1,156,763

  Medical

  $1,196,546

  Retail

  $1,799,409

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Latitude

33.3343

Longitude

-111.828

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].