Copper Point is a premier, institutional quality medical outpatient building (MOB) located at 3530 S Val Vista Drive in the rapidly growing Gilbert, Arizona submarket. This fee-simple property is situated directly across from the 400-bed Mercy Gilbert Medical Center operated by Dignity Health (part of the CommonSpirit Health System with credit ratings of Moody’s: A3, S&P: A-, Fitch: A-). The location delivers true “walkability” to the most desirable campus in the Southeast Valley without the typical restrictions of a ground lease that comes with on-campus buildings. The property also features superior accessibility, freeway visible signage and private exterior entrances that provide a retail-like appeal with desirable branding and visibility from eyebrow signage for each suite. Additionally, the absence of an interior common lobby reduces operating expenses, resulting in lower CAM charges and meaningful tenant savings when comparing gross rents to competing properties.

Phoenix Children’s Hospital (PCH), a tenant at Copper Point, has a significant presence at Dignity Health’s Mercy Gilbert Medical Center through it’s “Phoenix Children’s Hospital-East Valley” campus, a joint venture that opened in 2023. This 5-story facility, part of a $400 million expansion, provides specialized, 24/7 pediatric care, including a neonatal intensive care unit (NICU) and emergency services. San Tan Perinatal is another tenant at Copper Point that benefits from proximity to the hospital’s women’s care and pediatric referral base, supporting sustained tenant demand and enhancing the campus’s overall healthcare ecosystem appeal.

The property is 100% leased to a diversified roster of regional and national providers and benefits from an 8-year WALT. City of Hope (credit Fitch:A, S&P: A-), a globally recognized oncology and research institution and supported by a parent company guaranty, contributes 23% of NOI and features annual rent escalations the greater of 3% or CPI (capped at 4%), providing investors with a built-in inflation hedge. The anchor tenant recently demonstrated its commitment to this location by signing a 15-year lease and investing over $10 million of its own capital (in addition to landlord’s TI allowance) into mission critical improvements including the addition of a Linear Accelerator (LinAc). With triple-net leases and minimal leakage, income durability is further supported by credit tenancy representing 46% of NOI.