625 W Southern Ave - Medical FOR SALE


Mesa, AZ 85210- Central Mesa
$1,500,000 USD
602-777-0456
625 W Southern Ave, Mesa, AZ for Sale
$1,500,000 USD
Medical - FOR SALE
1/8
null | 5.86% Cap Rate

625 W Southern Ave
Mesa, AZ 85210
Central Mesa


HIGHLIGHTS

  • Great Investment Property with NNN Tenant Currently in Place
  • Excellent Frontage to Southern Ave.
  • 26 Offices, Reception Area, Conference Room, Kitchen/Coffee Rooms, 4 Restrooms

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$291 USD /SF

CAP RATE

5.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,341 SF

ZONING

OC

APN/PARCEL ID

134-22-004W

ASK ABOUT THIS PROPERTY

Robert KapelkeAmerican Realty BrokersMore Info
602-777-0456

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Robert KapelkeAmerican Realty BrokersMore Info
602-777-0456

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.