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163 N Dobson Rd 24,000 SF Office Building Mesa, AZ 85201 $7,769,000 ($323.71/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Accredited Vocational School with Strong Track Record
- High-Quality Construction and Functional Layout
- Exceptional Transit Access
- Stable Single-Tenant NNN Investment
- Prime Central Location with Excellent Visibility
EXECUTIVE SUMMARY
Presenting the opportunity to purchase the property located at 163 N Dobson Rd, Mesa AZ. The tenant, Arizona College is a well-established medical technician training institution that was founded in 1991 - more than 33 years ago - and offers 23 campuses across 14 states, including four in Greater Phoenix.
Access the Property Website for the Offering Memorandum: www.ArizonaCollege.sharplaunch.com
Accredited Vocational School with Strong Track Record
Arizona College is a well-established medical technician training institution that was founded in 1991 - more than 33 years ago - and offers 23 campuses across 14 states, including four in Greater Phoenix. Current enrollment at the site is 259, with capacity to grow.
Stable Single-Tenant NNN Investment
The property has been leased to this reputable healthcare training provider since 2012, who just renewed for another seven years. The NNN lease includes 3.0% annual increases, offering investors solid growing returns, from reliable and passive income.
High-Quality Construction and Functional Layout
Built with durable, attractive materials, the facility was fully remodeled in 2022 and features an efficient single-story layout ideal for educational use.
Prime Central Location with Excellent Visibility
Located on Dobson Road near Main Street, the site offers strong street visibility and convenient access from across the Valley via Loop 101, Loop 202, and US Highway 60 that are nearby.
Exceptional Transit Access
Immediately adjacent to the Valley Metro Transit Center, including Light Rail, park-and-ride, and major bus routes, enhancing accessibility for students and staff.
Access the Property Website for the Offering Memorandum: www.ArizonaCollege.sharplaunch.com
Accredited Vocational School with Strong Track Record
Arizona College is a well-established medical technician training institution that was founded in 1991 - more than 33 years ago - and offers 23 campuses across 14 states, including four in Greater Phoenix. Current enrollment at the site is 259, with capacity to grow.
Stable Single-Tenant NNN Investment
The property has been leased to this reputable healthcare training provider since 2012, who just renewed for another seven years. The NNN lease includes 3.0% annual increases, offering investors solid growing returns, from reliable and passive income.
High-Quality Construction and Functional Layout
Built with durable, attractive materials, the facility was fully remodeled in 2022 and features an efficient single-story layout ideal for educational use.
Prime Central Location with Excellent Visibility
Located on Dobson Road near Main Street, the site offers strong street visibility and convenient access from across the Valley via Loop 101, Loop 202, and US Highway 60 that are nearby.
Exceptional Transit Access
Immediately adjacent to the Valley Metro Transit Center, including Light Rail, park-and-ride, and major bus routes, enhancing accessibility for students and staff.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
24,000 SF
Building Class
B
Year Built/Renovated
2002/2022
Price
$7,769,000
Price Per SF
$323.71
Cap Rate
7%
NOI
$543,830
Tenancy
Single
Building Height
1 Story
Typical Floor Size
24,000 SF
Building FAR
0.24
Lot Size
2.33 AC
Opportunity Zone
Yes
Zoning
LC, City of Mesa
Parking
145 Spaces (5.75 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (73)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 135-48-001M | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $390,935 |
PROPERTY TAXES
Parcel Number
135-48-001M
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$390,935
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163 N Dobson Rd
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