Woodside Health Acquires Office At 2451 E Baseline Rd Gilbert For $11.95M From ArroyoBel Asset Advisors
2451 E Baseline Rd
$11,950,000
$304/SF
Building Size
39,315 SF
Asset Type
Office
Closing
Mar 7, 2025
AI
The property asset involved in this transaction is located at 2451 E Baseline Rd in Gilbert. This office space has a total square footage of 39,315.0 and was acquired for a price of $11,950,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,950,000.00
- Address: 2451 E Baseline Rd
- Market: Gilbert
- Square Footage: 39,315.0
- Buyer: Woodside Health
- Seller: ArroyoBel Asset Advisors
- Brokers: Michael Dupuy, Zack Harris (Kidder Mathews)
The individuals involved in this deal include buyer Woodside Health and seller ArroyoBel Asset Advisors. The transaction was facilitated by brokers Michael Dupuy and Zack Harris, who represented the parties in this acquisition.
Players
Gilbert Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93