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$4,000,000 $3,750,000
1818 E Southern Ave, Mesa, AZ 85204
0 Beds
0 Baths
23,888 SqFt

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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 7,000 SF Tons of covered parking and opportunity for building and Monument signage!
  • Price:
  • $3,750,000
  • 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
  • ARMLS

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