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1818 E Southern Avenue

Mesa, AZ 85204
  • $3,750,000
  • STATUS: Active
  • ON SITE: 200 Days
  • MLS #: 6403581
UPDATED: 50 min ago
$3,750,000
  • 0
    BEDS
  • 1.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 23,888
    SQFT
  • $157
    $/SQFT
Type:
Commercial
Built:
1986
County:
Area:

School Ratings & Info

Description

HUGE PRICE DROP!Beautifully maintained office buildings with 6 Suites. Fantastic frontage on Southern, Recent improvements include exterior paint (2/22) and roof coating (21) with ten year warranty. CAM covers common area landscaping, tree trimming, parking lot maintenance, water, sewer, trash and monthly window washing. Currently fully leased at a 5,25% Cap rate. Value Add-Possibility to raise lease rates to current value or Owner Occupied space roughly 5,700 SF Tons of covered parking and opportunity for building and Monument signage!

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Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than West USA Realty. Data last updated 2022-12-07T17:18:55.793.
www.househelpersaz.com/homes/128976548
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1818 E Southern Avenue Mesa, AZ 85204

  • Price: $3,750,000
  • Status: Active
  • On Site: 200 Days
  • Updated: 50 min ago
  • MLS #: 6403581
0
Beds
0
Baths
0
½ Baths
1.49
Acres
23,888
SQFT
$157
$/SQFT
1986
Built
Neighborhood:
Southern & Oracle Office Complex Amd Lt 2 & 3
County:
Maricopa
Area:
Mesa
Property Description
HUGE PRICE DROP!Beautifully maintained office buildings with 6 Suites. Fantastic frontage on Southern, Recent improvements include exterior paint (2/22) and roof coating (21) with ten year warranty. CAM covers common area landscaping, tree trimming, parking lot maintenance, water, sewer, trash and monthly window washing. Currently fully leased at a 5,25% Cap rate. Value Add-Possibility to raise lease rates to current value or Owner Occupied space roughly 5,700 SF Tons of covered parking and opportunity for building and Monument signage!
Exterior Features

Construction BlockStucco Covered Parking Spaces 25.00 Exterior Features Building SignCorner LotDual Street FtgMonument Sign Fencing Block Freeway Highway Up To 1 Mile Parking FeeFreePaved ParkingPrivate ParkingPublic Parking Railroad Other (See Remarks) Roofing FoamRolled Stories 2 Stories Total Parking Spaces 75.00 Uncovered Parking Spaces 50.00

Interior Features

Amenities Kitchen Ceiling Height 8.1 Feet To 10 Feet Cooling Central A/C Flooring CarpetVinyl Heating Electric Interior Features Finished

Property Features

Adjusted Gross Inc 0.00 Building Number 1 & 2 Building Type CommercialOffice Cross Street Gilbert Rd & Southern Current Use Medical/DentalOfficeReligious Facility Electric Individual MeterMaster MeterSrp Gas None Gross Annual Sch Inc 0.00 Hoa Fee 36000.00 Hoa YN Yes Loading Facilities None Lot Number 2 Net Operating Income 0.00 Operating Exp 61352.00 Other Income 0.00 Ownership Fee Simple Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 25352.00 Traffic Count 15001 To 25000 Use Restrictions Cc&R's Vacancy Allowance 0.00 Water City Franchise Zoning Co

Arizona Regional MLS logo Listing provided by My Home Group Real Estate: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than West USA Realty. Data last updated 2022-12-07T17:18:55.793.
 
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West USA Realty
2340 E. Beardsley Rd. #110
Phoenix AZ, 85024