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625 W Southern Ave 5,157 SF 100% Leased Office Building Mesa, AZ 85210 $1,295,000 ($251.11/SF) 6.79% Cap Rate
Investment Highlights
- Great Investment Property with NNN Tenant Currently in Place
- 26 Offices, Reception Area, Conference Room, Kitchen/Coffee Rooms, 4 Restrooms
- Excellent Frontage to Southern Ave.
Executive Summary
Great income producing property zoned OC with a CAP Rate of 5.86% for the life the current 84-month NNN Lease! The current Tenant is into their 3rd year of their lease and (2) 5yr extensions are available, each at a market rent rate determined at the time of renewal. The current Tenant acts as the property manager. If you are looking for an office building to occupy as an owner/operator, the Tenant is willing to terminate the lease and relocate. Excellent frontage to Southern Ave.
Do not disturb the current tenant.
Do not disturb the current tenant.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
5,157 SF
Building Class
C
Year Built
1973
Price
$1,295,000
Price Per SF
$251.11
Cap Rate
6.79%
NOI
$87,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,157 SF
Building FAR
0.27
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
OC - City of Mesa Zoned "OC"
Parking
24 Spaces (4.65 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Property Manager on Site
- Security System
- Signage
- Reception
- Monument Signage
- Air Conditioning
- Smoke Detector
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 134-22-004W | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $78,510 |
Property Taxes
Parcel Number
134-22-004W
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$78,510
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Contact the Sale Advisor
625 W Southern Ave