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 7,000 SF Tons of covered parking and opportunity for building and Monument signage!
- Price:
- $4,000,000
- Square Footage:
- 23,888
- Acreage:
- 1.49
- Year Built:
- 1986
- Listing ID #:
- 6403581
- Street Address:
- 1818 E Southern Ave
- City:
- Mesa
- State:
- Arizona
- Postal Code:
- 85204
- County:
- Maricopa
- Subdivision:
- Southern & Oracle Office Complex Amd Lt 2 & 3
- Listing Status:
- Active
- Listing Type:
- Commercial
- Amenities:
- Kitchen
- Ceiling Height:
- 8.1 Feet To 10 Feet
- Construction Description:
- Block, Stucco
- Dwelling Type:
- Commercial, Office
- Exterior Features:
- Building Sign, Corner Lot, Dual Street Ftg, Monument Sign
- Flooring:
- Carpet, Vinyl
- Interior Features:
- Finished
- Stories:
- 2 Stories
- Total Building Square Footage:
- 23888
- Type Of Roof:
- Foam, Rolled
- Year Built:
- 1986
- Operating Expense:
- 61352.00
- Conforms To Zoning:
- Co
- Existing Land Use:
- Medical/Dental, Office, Religious Facility
- Lot Square Footage:
- 64855.00
- Use Restrictions:
- Cc&r's
- Ownership:
- Fee Simple
- Property Taxes:
- $25,352
- Covered Parking Spaces:
- 25.00
- Fence:
- Block
- Parking Description:
- Fee, Free, Paved Parking, Private Parking, Public Parking
- Parking Spaces:
- 75.00
- Uncovered Parking Spaces:
- 50.00
- Cooling System:
- Central A/C
- Electricity:
- Individual Meter, Master Meter, Srp
- Existing Water:
- City Franchise
- Heating:
- Electric
- Sewage Type:
- Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listings Provided by My Home Group Real Estate
