Properties
Mesa, AZ 85210 625 W SOUTHERN Avenue
$1,475,000
Presented By: American Realty Brokers; 602-955-6606
SQFT • 5,167
Home Details
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.
Presented By: American Realty Brokers; 602-955-6606
Interior Features for 625 W SOUTHERN Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile, Carpet
Heating Y/NYes
General for 625 W SOUTHERN Avenue
Attached Garage No
Business TypeProfessional/Office
Cap Rate5.95
Carport Y/NNo
CityMesa
Construction MaterialsWood Frame
CoolingCentral Air, Heat Pump, Office A/C
CountyMaricopa
DirectionsFrom the intersection of Southern Ave. and Country Club Dr. go West on Southern to Property on Left.
DisclosuresSeller Prop Disc Stm
Electric220 Volts, SRP
Electric Expense0.0
Fuel Expense0.0
Gross Income87789.0
HeatingHeat Pump
Insurance Expense0.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet19341.0
Lot Size UnitsSquare Feet
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income87789.0
New ConstructionNo
Occupancy TypeTenant
Open Parking Spaces50.0
OwnershipFee Simple
OwnershipFee Simple
Property TypeComm/Industry Sale
Rent Control Y/NNo
RoofComposition
Security FeaturesAlarm System, Security System
Senior CommunityN
SewerSewer-In & Connected, Public Sewer
Standard StatusActive
StatusActive
Structure TypeCommercial, Office
Tax Annual Amount7746.0
Tax Lot0
Tax Year2025
Township1N
Trash Expense0.0
Water Sewer Expense0.0
Year Built1973
ZoningOC
Exterior for 625 W SOUTHERN Avenue
Covered Spaces0.0
Crops Included Y/NNo
FencingBlock
Irrigation Water Rights Y/NNo
Lot Size Acres0.44
Lot Size Area19341.0
Number of Buildings1
Parking FeaturesParking Lot, Paved, Private, Free
Road Surface TypePaved
SpaNo
Total Parking50.0
Water SourceCity Franchise, Master Meter
Additional Details
Price History
