NNN – Structured Sale Leaseback – Chandler, Arizona

General Description

The investment opportunity is a class B office condominium. This wood frame constructed 5,500 sq. ft. building  provides enough space for a multi-tenancy, but is currently fully leased out to one tenant. In addition to the building, the parking lot, shared with the other condominiums, provides 26 parking spaces to the tenants of the building.

Market Overview

Located at the intersection of Gilbert road and Queen Creek road this property stands to benefit from the extremely high growth occurring in this part of southern Chandler. From the years 2000 to 2010 the population within one mile of the property experienced an explosive 34% growth. This growth is expected to continue, fueled by the young population and high disposable income of the area. Currently the median age of the area is 33 and the average income of households is $103,500. Furthermore the property benefits from its proximity to the Santan Freeway (202) and the Chandler Municipal Airport.