SQUARE FEET5,167
MLS#6988907
STATUSActive
PROPERTY TYPECommercial - Office
Property Description
Great income producing property zoned OC with a current CAP Rate of 5.95%. This is a TRUE NNN Lease! Current lease includes a 3% annual rent increase and also includes (2) optional 5yr extensions, 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.
Property Features
Property Type: Commercial - Office
Cooling: Office A/C, Heat Pump
Fenced: Yes
Heating: Heat Pump
Lot Size: 0.44 Acres
Roof Type: Composition
Taxes: $7,746
Year Built: 1973
Feature Descriptions
Days on Site: 7
Exterior: Wood Frame
Parking: Open, Private, Paved, Parking Lot
Sewer: Sewer-In & Connected
Water: City Franchise, Master Meter
Listed By / Shown By
Listed By
Agency Name: American Realty Brokers
Agency Phone: 602-955-6606
Shown By
Agent Name: The Adlers
Agent Phone: (480) 267-5444
Agency Title: Arizona Best Real Estate
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625 W Southern Avenue | MLS# 6988907
This commercial property located at 625 W Southern Avenue, Mesa, AZ 85210 is currently listed for sale with an asking price of $1,475,000. Search Mesa real estate on www.bestarizonahomes.com today.