$1,475,000
Mesa, AZ 85210
MLS# 6988907
1 / 6
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.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,475,000
List Price: $1,475,000
Status: Active
List Date: 2026-02-21
Location, Tax & Legal
Assessor's Map #: 22
Legal Description (Abbrev): W 105F W 305F E 315F OF S 199F N 239F OF W2 NE4 E X N 15F
Assessor's Parcel #: 4
Assessor Parcel Ltr: W
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 422203
Taxes: 7746
Legal: W 105F W 305F E 315F OF S 199F N 239F OF W2 NE4 E X N 15F
House Number: 625
Compass: W
Street Name: SOUTHERN
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 5030
Country: US
County Code: Maricopa
Assessor Number: 134-22-004-W
Tax Year: 2025
General Property Description
Ttl Apx SqFt Bldg: 5167
# of Buildings: 1
Uncvrd Parking Spcs: 50
Flood Zone: No
Year Built: 1973
Zoning: OC
Currently Not Used
Sold Price Per SqFt: 285.47
Legal Info
Range: 5E
Section: 33
Township: 1N
Construction
Wood Frame: 1
Roofing
Composition: 1
Floors
Tile: 1
Carpet: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 87789
Building Type
Commercial: 1
Office: 1
Business Type
Professional/Office: 1
Pmt & Rate Info
Cap Rate: 5.95
Equity: 1475000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8 Feet or Less: 1
12.1 Feet to 14 Feet: 1
Heating
Heat Pump: 1
Cooling
Central Air: 1
Heat Pump: 1
Office A/C: 1
Interior Features
Finished: 1
Security System: 1
Alarm System: 1
Phone Available: 1
Loading Facilities
None: 1
Road Access Type
City Street: 1
Road Surface Type
Paved: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Traffic Count
Unknown: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Master Meter: 1
Freeway/Highway
Up to 1 Mile: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Free: 1
Parking Lot: 1
Private: 1
Paved: 1
Electric
SRP: 1
220 Volts: 1
Gas
None: 1
New Financing
Cash to Loan: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Terms
Non Assumable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-854-6937
Remarks Misc
Cross Street: Southern Ave. and Country Club
Directions: From the intersection of Southern Ave. and Country Club Dr. go West on Southern to Property on Left.
Geo Lat: 33.39285
Geo Lon: -111.845232
Income Expenses
Gross Annual Sch Inc: 87789
Net Operating Income: 87789
Property Features
Building Type: Commercial; Office
Business Type: Professional/Office
Construction: Wood Frame
Roofing: Composition
Floors: Tile; Carpet
Ceiling Height: 8 Feet or Less; 12.1 Feet to 14 Feet
Heating: Heat Pump
Cooling: Central Air; Office A/C; Heat Pump
Loading Facilities: None
Interior Features: Finished; Security System; Alarm System; Phone Available
Fencing: Block
Parking Features: Free; Parking Lot; Private; Paved
Road Access Type: City Street
Road Responsibility: City Maintained Road
Electric: SRP; 220 Volts
Gas: None
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
New Financing: Cash to Loan
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Terms: Non Assumable
Road Surface Type: Paved
Traffic Count: Unknown
Environmental: None
Listing Office: American Realty Brokers
Last Updated: April - 30 - 2026
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