840 E McKellips Rd - Office FOR SALE


Mesa, AZ 85203- Central Mesa
$2,285,000 USD
602-625-4220
840 E McKellips Rd, Mesa, AZ for Sale
$2,285,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

840 E McKellips Rd
Mesa, AZ 85203
Central Mesa


HIGHLIGHTS

  • Owner-user or value-add investment with 3,296 SF available
  • Located within an established, multi-building medical condominium
  • Currently 40% leased, through 10/31/2027
  • Medical build out, ideal for physicians, specialists, or healthcare groups

OVERVIEW

840 E McKellips Rd, Building 2 presents an attractive opportunity for an owner-user seeking immediate occupancy with supplemental income to offset ownership costs. An owner can occupy 3,296 SF for their business while generating income from an existing 2,300 SF lease, providing stable cash flow that can be applied toward mortgage payments and meaningfully reducing effective occupancy costs compared to leasing. The 2,300 SF leased suite expires in 2027, offering near-term income with future flexibility to either expand into the space or retenant at market rates. The property also features approximately $300,000 in medical-specific tenant improvements completed in 2021, delivering a move-in-ready environment for medical or professional users and minimizing upfront capital requirements. This combination enables an owner-user to control their space, build equity, and benefit from long-term appreciation while rental income supports debt service and enhances overall financial performance.

FOR SALE DETAILS

PRICE

$2,285,000 USD

PRICE/SF

$408 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Bldg 2

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C-2, Mesa

APN/PARCEL ID

136-08-100

ASK ABOUT THIS PROPERTY

Alexandra LoyeCushman & WakefieldMore Info
602-625-4220

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Alexandra LoyeCushman & WakefieldMore Info
602-625-4220

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