About 625 W Southern Avenue
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 of 625 W Southern Avenue
| MLS® # | 6988907 |
|---|---|
| Price | $1,295,000 |
| Square Footage | 5,167 |
| Acres | 0.44 |
| Year Built | 1973 |
| Type | Comm/Industry Sale |
| Sub-Type | Commercial, Office |
| Status | Active |
Community Information
| Address | 625 W Southern Avenue |
|---|---|
| City | Mesa |
| County | Maricopa |
| State | AZ |
| Zip Code | 85210 |
Amenities
| Parking Spaces | 50 |
|---|---|
| Parking | Parking Lot, Paved, Private, Free |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Heat Pump |
|---|---|
| Cooling | Central Air, Heat Pump, Office A/C |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Wood Frame |
| Horse Property | No |
Additional Information
| Zoning | OC |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | American Realty Brokers |
|---|