Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a well-maintained medical office condo located at 5416 E Southern Ave, Mesa, AZ ("Asset"). This Asset is strategically located near the US 60, Loop 202 Banner Gateway Medical Center which offers 185 beds, and MD Anderson Cancer Center with 77 beds. In close proximity there are multiple retail amenities and restaurants including, RA Sushi Bar Restaurant, Venezia's New York Style Pizza, Buffalo Wild Wings, and Black Angus Steakhouse. This Asset was previously used by a mental health clinic and will be vacant at time of sale. The Asset was constructed in 2003 and is maintained by an HOA, including a recently renovated roof, parking lot, and interior painting. The HOA is responsible for all utilities other than electric. They also obtain and maintain insurance coverage on the condo, personal property, and liabilities. The 3,273 square foot office building is zoned for either medical or regular office, featuring a spacious waiting room, two entrances into the office, eight private consultation rooms, conference room, kitchenette, and two bathrooms. The consultation rooms can be utilized as regular offices as well, there is no medical plumbing installed in the rooms. There is both covered and uncovered parking available with three reserved covered parking spots for employees. This offering is an opportunity to own a well-maintained office-condo in a low vacancy market, ideally suited for an owner-user or investor looking to back-fill the space.