313 N Gilbert Rd - Storefront Retail/Office FOR SALE


Gilbert, AZ 85234- Downtown Gilbert
$9,250,000 USD
480-588-4805
313 N Gilbert Rd, Gilbert, AZ for Sale
$9,250,000 USD
Storefront Retail/Office - FOR SALE
1/18
null | Request Cap Rate

313 N Gilbert Rd
Gilbert, AZ 85234
Downtown Gilbert


HIGHLIGHTS

  • Location: Situated in downtown Gilbert, a rapidly growing urban center known for its mix of retail, office, and dining options.
  • Modern Construction: Built in 2017 with a reinforced concrete frame and brick exterior, ensuring long-term durability and reduced maintenance costs
  • Tenant Mix: The building is 100% leased, with four stable tenants, including Prep & Pastry and Thrive Coworking for Women.
  • Zoning: HVC (Heritage Village Center), allowing for a wide variety of commercial uses.
  • Parking: Multiple public parking options, including nearby garages and surface lots, enhance accessibility for customers and tenants alike.
  • High Foot Traffic: Being part of downtown Gilbert, the property benefits from significant pedestrian traffic, particularly from the nearby restaurants

OVERVIEW

313 North Gilbert Road, located in the heart of Gilbert’s highly sought-after Heritage District, is a three-story, mixed-use property combining 14,181 net rentable square feet of retail and office space. Constructed in 2017, the property boasts modern amenities and a dynamic tenant mix, including the thriving Thrive Coworking for Women and Prep & Pastry, a full-service restaurant known for drawing significant foot traffic to the area. With its strategic position in one of the fastest-growing regions of Arizona, this property presents an outstanding investment opportunity with substantial potential for long-term appreciation and consistent rental income. • Net Rentable Area: 14,181 sq. ft. • Year Built: 2017 • Occupancy: 100% • Price Per Square Foot: $652/NRSF The building’s 4th floor is home to the Sotol Lounge and Rooftop Bar, offering a unique rooftop experience. This feature adds to the building’s appeal, making it an ideal location for social gatherings and events. The name ‘Sotol’ is displayed prominently on the building, further enhancing its visibility and recognition. • Ground Floor: Prep and Pastry • 2nd Floor: Executive Offices • 3rd Floor: Thrive for Women • 3rd floor rooftop lounge: This exclusive rooftop bar and lounge, known as Sotol, is located on the 3rd floor offering premium views of the downtown strip and should be specifically noted in the property appraisal for its added value.

FOR SALE DETAILS

PRICE

$9,250,000 USD

PRICE/SF

$617 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Restaurant, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

98

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

HVC

APN/PARCEL ID

304-11-040

ASK ABOUT THIS PROPERTY

Danny PerkinsonPerkinson PropertiesMore Info
480-588-4805

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Danny PerkinsonPerkinson PropertiesMore Info
480-588-4805

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