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Gilbert Professional Plaza

Off-Market

201 West Guadalupe Road, Gilbert, AZ 85233

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  • Property Type Office - Medical Office
  • Property Size 34,922 Sqft
  • Lot Size 3.49 Acre
  • Parking Spaces Avail. 209
  • Parking Ratio 6.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1986

Location

  • City Gilbert, AZ
  • Neighborhood Val Vista Lakes
  • Zip Code 85233
  • Market Phoenix

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 22 Dec, 2016
  • Purchase Price $4,750,000
  • Arm's Length
  • Buyer Name

Market Trends

Average Actual Rents in Gilbert

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Gilbert Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $26.40
  • 2020 Office Vacancy Rate 23.40 %
  • 2020 Office Completions (Sqft) 133,647

Gilbert Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $269.81
  • Y-o-Y Avg. PpSF Change 11.00 %
  • 2020 Office Sales Volume $35.5M
  • 2020 Number of Transactions 3
View more Gilbert market trends

Tax

  • Property Tax in 2020 $54,568
  • Market Value $3,910,600
  • Assessed Value $3,910,600

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Gilbert Professional Plaza?

Gilbert Professional Plaza totals 34,922 square feet.

When was this property built?

Gilbert Professional Plaza was built in 1986.

When was Gilbert Professional Plaza last sold?

Gilbert Professional Plaza was last sold on 22 Dec, 2016.

What was the last purchase price for Gilbert Professional Plaza?

Gilbert Professional Plaza was last sold for $4,750,000.

What is the property tax for Gilbert Professional Plaza?

The property tax for Gilbert Professional Plaza in 2020 was $54,568.

What is the market value for Gilbert Professional Plaza?

The market value for Gilbert Professional Plaza in 2020 was $3,910,600.

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