625 W Southern Avenue, Mesa, AZ 85210
- $1,295,000
- 5,167
- SqFt
- List Price
- $1,295,000
- Price Change
- ▼ $104,000 1782182345
- Days on Market
- 201
- Status
- ACTIVE
- MLS#
- 6988907
- City
- Mesa
- Living SQFT
- 5,167
- Lot Size
- 19,341
- Year Built
- 1973
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.
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Additional Information
- Acres
- 0.44
- Construction
- Wood Frame
- Cooling
- Office A/C, Heat Pump
- Electric
- SRP
- Fencing
- Block
- Heating
- Heat Pump
- Living Area
- 5,167
- Lot Size
- 19,341
- Parking Features
- Open, Private, Paved, Parking Lot
- Roofing
- Composition
- Sewer
- Sewer-In & Connected
- Taxes
- $7,746
- Tax Year
- 2025
- Water
- City Franchise, Master Meter
- Zoning
- OC
Courtesy of American Realty Brokers. 602-955-6606
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