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1535 E University Drive - 1535 E University Dr, Mesa, AZ

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DetailMap
1535 E University Drive - 1535 E University Dr

Mesa, AZ 85203-8168 - Red Mountain/Mesa Ret Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1980
Building Size:12,536 SF Land Area:.74 AC (32,234 SF)
% Leased:
For Sale Price:$700,000 Price/SF:$55.84
Cap Rate:8.00 %
Smallest Space:10,050 SF Largest Space:10,050 SF Total Space Avail:10,050 SF Rent/SF/Yr:
$5.50
Parking:Free Surface spaces are available; Free Covered spaces; Ratio of 2.39/1,000 SF
Features:Bus Line, Pylon Sign, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
10,050 SF
$5.50/SF/Yr
30 Days
Negotiable
Retail
 
12313182


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
10,050 SF
$5.50/SF/Yr
30 Days
Negotiable
Retail

Sale Notes:
High traffic retail area on University Drive in Mesa. Building can be used by one owner occupant or divided up into retail or office suites with separate entrances. Ample parking with two outside storage areas, one fenced open lot and another 2000 sq ft storage structure. There is also a large lower basement at 2000 sq ft useful for storage and other inventory management. Ideal property for a large volume retail occupant such a charity thrift shop, banquet hall, smaller retail shops by using dividing walls or office space for a professional building. Investor opportunity with a pro forma 8 cap and room to add potential rentable space. Currently 2000 square feet being leased out so an investor would have immediate income.

Royal Commercial Real Estate
Mitch Korrub
(480) 340-4833


Royal Commercial Real Estate
Mitch Korrub
(480) 340-4833



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