100% Leased Medical Office Building
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1 100% Leased Medical Office Building 604 W. Warner Rd. Bldg. E, Chandler, AZ STEVE BERGHOFF TANNER MILNE, SIOR, CCIM, MBA
2 604 W. Warner Rd. Bldg E, Chandler, AZ Executive Summary Page 2 OFFERING SUMMARY Address: 604 W Warner Rd. Bldg. E, Chandler, AZ Building Size: +/- 14,500 SF Sales Price: $1,883,883 CAP Rate: 7.63% NOI: $143,623 (Year 1) Parcel: Year Built: 1987 Building Size: 14,500 Zoning: PAD, Chandler PROPERTY OVERVIEW Fully-leased, multi-tenant, medical investment offering located in Warner Medical Park, a high-quality, in-fill office condominium project located in Chandler, Arizona. Warner Medical Park consists of five (5) buildings that is home to a diverse medical tenant roster that benefits from the attractive neighboring demographics, with well-kept common areas and ample parking. PROPERTY HIGHLIGHTS Block construction. Well-maintained Two-Story Building (elevator served) Strategically located in between Banner Desert Medical Center, Cardon Children's Medical Center, Dignity Health Chandler & Gilbert Regional Medical Centers HOA professionally managed by Victoria Property Management. Balance in Owners' Reserve Account is $127, as of December 2017 (Warner Medical Park Unit Owners' Association) 2nd floor medical office recently renovated Ample parking: 55 parking spaces (15 covered) Multi-tenant medical office building with successful practices and established patient base Price / SF: $ steve@ tanner@
3 604 W. Warner Rd. Bldg. E, Chandler, AZ Phoenix Neurological & Pain Institute Page 3 steve@ tanner@
4 604 W. Warner Rd. Bldg. E, Chandler, AZ Rent Roll Page 4 steve@ tanner@
5 604 W. Warner Rd. Bldg E, Chandler, AZ Tenant Profile - Novakovic Family Practice Page 5 NOVAKOVIC FAMILY PRACTICE Dr. Petar N. Novakovic: Specialist in Family Medicine, Board Certified Areas of Practice: Preventative medicine including female and children well examinations, early diagnosis and therapy of cardiovascular disease, including vascular disease, minor surgical procedures, respiratory testing and therapy, joint injections, glaucoma screening, cryotherapy (freezing) and removal of skin lesions, weight loss program, osteoporosis screening/therapy/monitoring, naturopathic medications, alternative medicine therapy, deep tissue massage and nerve conduction testing for diabetic patients. Second level providers, Nurse Practitioners and Medical Doctors, are also available. This affords the availability for walk-in visits, so the patients do not have to go to Urgent Care facilities or Emergency Rooms. Additional Office Locations: N. Cave Creek Road, Suite 102, Phoenix, AZ website: steve@ tanner@
6 604 W. Warner Rd. Bldg E, Chandler, AZ Tenant Profile - Kempton & Nelson Diagnostics Page 6 KEMPTON & NELSON SLEEP DISORDER & DIAGNOSTICS Kempton and Nelson Sleep Diagnostics is a leading provider of integrated, high quality sleep medicine and total patient sleep health. Our team of licensed professionals are committed to helping you conquer your sleep troubles through early screening and treatments. Accredited by the American Academy of Sleep Medicine, Kempton and Nelson Sleep Diagnostics has been serving the valley since At Kempton and Nelson Sleep Diagnostics, we use state-of-the-art computerized sleep testing in a comfortable, home-like setting. All sleep studies are conducted by specially trained sleep professionals with the highest levels of training and experience. We diagnose and treat sleep disorders such as sleep apnea, snoring, insomnia, narcolepsy, and many other sleep disturbances. In addition, we provide physician consultation services with board certified sleep physicians specifically trained to diagnose and treat over 70 different types of sleep disorders. Additional Office Locations: 1343 N. Alma School Road, Ste. 105, Chandler, AZ E. Baseline Road, Suite 109, Mesa, AZ steve@ tanner@
7 604 W. Warner Rd. Bldg E, Chandler, AZ Tenant Profile - Phoenix Neurological & Pain Institute Page 7 PHOENIX NEUROLOGICAL & PAIN INSTITUTE Phoenix Neurology & Pain Institute focuses on pain relief and treating patients with neurological disorders. The main objective is to improve health and better the quality of life so that patients can return to a more functional lifestyle. Phoenix Neurological & Pain Institute offers various pain treatment options from conservative medical management to the most advanced minimally invasive procedures to provide the best outcome for each patient. Their Pain Physicians & Neurologists are proud to offer the latest leading-edge technologies and innovative instruments to treat even the most difficult pain conditions & neurological disorders.for the convenience of our patients they often perform our procedures in their offices. Phoenix Neurological & Pain Institute is dedicated to utilizing the most advanced, minimally invasive and conservative methods available to provide a better quality of life for patients with chronic pain. Additional Neurology Locations: 1343 N. Alma School Road, Suite 125, Chandler, AZ N. Country Club Drive, Suite 5, Mesa, AZ N. 19th Avenue, Suite 220, Phoenix, AZ S. Kyrene Road, Suite 3, Chandler, AZ Additional Pain Management Locations: 350 S. Main Street, Florence, AZ W. Thunderbird Road, Suite C142, Glendale, AZ N. 19th Avenue, Suite 201, Phoenix, AZ N. Country Club Drive, Suite 5, Mesa, AZ S. Kyrene Road, Suite 3, Chandler, AZ E. Baseline Road, Suite 107, Mesa, AZ W, Broadway Avenue, Suite 101, Apache Junction, AZ N. Trekell Road, Suite 2, Casa Grande, AZ W. Southern Avenue, Suite 131, Phoenix, AZ steve@ tanner@
8 604 W. Warner Rd. Bldg. E, Chandler, AZ Aerial Photo- Bldg. E Page 8 steve@ tanner@
9 FOR SALE 100 % Leased Medical Office Building 604 W Warner Rd. Bldg E. Chandler, AZ Location Maps Page 9 STEVE BERGHOFF x111 steve@ TANNER MILNE, SIOR, CCIM, MBA x104 tanner@
Medical Investment Opportunity
Medical Investment Opportunity Warner Medical Park 604 W. Warner Rd. Bldg. E, Chandler, AZ 85225 x111 604 W. Warner Rd. Bldg E, Chandler, AZ 85225 Executive Summary Page 2 OFFERING SUMMARY Address: Building
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