604 Warner RdChandler, AZ 85225

Property Details for 604 Warner Rd

Year built

1987

Construction

CONCRETE

Lot size

0.31 AC

Property size (Sq ft)

10,240 SF

Zone code

PAD

Property type

Medical offices

Property subtype

Medical centers

APN

302-27-936

APU

30227936

Description

This exceptional investment opportunity presents a stabilized Class B medical office building located at 604 W Warner Rd, Chandler, AZ 85225. The property boasts 14,156 square feet situated on a 9,336 square foot lot, with a desirable PAD zoning designation from the City of Chandler. Currently 100% occupied by two tenants, this multi-tenant building offers a strong 7.00% cap rate and a price per square foot of $248.36. Key features include an elevator, ample parking (18 covered spaces), and in-suite restrooms. The second floor is specifically designed for medical use, featuring twelve exam rooms complete with sinks. Both the first and second floors are fully leased to single tenants, providing stable income and minimizing tenant turnover risk. The property's strong occupancy, desirable location in Chandler, Arizona, and attractive financial metrics make it an ideal addition to any investment portfolio. The APN is 302-27-940. This is a turnkey investment opportunity with significant potential for long-term growth and return.

• CAP approach

  CAP return

  Valuation

  6%

  $1,727,713

  6.5%

  $1,594,812

  7%

  $1,480,897

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,578,496

  Geo Method

  $1,578,496

• Alternative Use

  Use

  Valuation

  Residential

  $1,977,567

  Hospitality

  $1,811,441

  Educational

  $1,507,097

  Medical

  $1,558,929

  Retail

  $2,344,374

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Latitude

33.3355

Longitude

-111.852

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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