625 W SOUTHERN Avenue, Mesa AZ 85210
$1,295,000 · Active Under Contract
Brokerage: Ivy Realty(623) 299-4954
Home facts
- Price
- $1,295,000
- Status
- Active Under Contract
- Baths
- 0
- Living area
- 5,167 sq ft
- Lot
- 19,341 sq ft
- Year built
- 1973
- Type
- D
- Pool
- No
- Water
- City Franchise, Master Meter
- Sewer
- Sewer-In & Connected, Sewer - Public
- MLS #
- 6988907
Listed by American Realty Brokers · 602-955-6606
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
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.
Features
Roof
Composition
Sewer
Sewer-In & Connected, Sewer - Public
Cooling
Central Air, Heat Pump, Office A/C
Heating
Heat Pump
Electric
220 Volts, SRP
Flooring
Tile, Carpet
WaterSource
City Franchise, Master Meter
ParkingFeatures
Parking Lot, Paved, Private, Free
ConstructionMaterials
Wood Frame
Map
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:32 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).