Grayhawk Office Building 7960 E Thompson Peak Pky 7,697 SF 100% Leased Office Building Scottsdale, AZ 85255 $4,957,912 CAD ($644.14 CAD/SF) 6.23% Cap Rate

The Property consists of the entire building within a medical condo complex and is fully leased to a strong, complementary mix of healthcare providers operating on long-term leases with 3.0% annual rent escalations. The investment delivers durable in-place cash flow with an in-place Net Operating Income of $225,826, supported by market-aligned rental rates and a favorable lease structure.
The Property is anchored by Metro Vein Centers, Desert Orthopedic Center, and ATI Physical Therapy, all operating fully built-out clinical suites with over $100,000 in recent tenant improvements completed within the past year. Lease expirations are well staggered, with two of the three tenants secured through 2034, resulting in a weighted average lease term of approximately 8.7 years.
Strategically positioned near Loop 101, Mayo Clinic’s Desert Oasis campus, HonorHealth’s planned expansion, and Banner Health’s new Hayden Road development, the Property benefits from exceptional demographics, a strong payer mix, and sustained outpatient medical demand in one of the most affluent and supply-constrained submarkets in the Phoenix MSA.