1655 Elliot Rd - Office FOR SALE


Gilbert, AZ 85233
$56,671,000 USD
773-727-4285
1655 Elliot Rd, Gilbert, AZ for Sale
$56,671,000 USD
Office - FOR SALE
1/5
null | 6.25% Cap Rate

1655 Elliot Rd
Gilbert, AZ 85233


HIGHLIGHTS

  • Industry-Leading Tenant
  • Investment-Grade Parent Company
  • New Long-Term NNN Lease with Annual Increases
  • Newly Constructed Institutional Quality Build-to-Suit
  • Strategic Location / Synergistic Facility
  • Significant Tenant Investment

OVERVIEW

Northmarq is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a brand new ± 119,177 SF office building located in Gilbert (Phoenix), Arizona, 100% leased to Northrop Grumman Systems Corporation under a 12-year, 4-month lease that commenced in September 2024. Rent commenced in January 2025, and the Tenant is expected to fully occupy the Property in July 2025, after completing all interior build-out and improvements valued over $30.7 million.

FOR SALE DETAILS

PRICE

$56,671,000 USD

PRICE/SF

$476 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northrop Grumman

PROPERTY TYPE

Office

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.4 AC

LAND SF

409,464 SF

ZONING

LI - Light Industrial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

BJ FellerNorthmarqMore Info
773-727-4285

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BJ FellerNorthmarqMore Info
773-727-4285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.