625 W Southern Avenue, Mesa, AZ 85210
- $1,295,000
- 5,167
- SqFt
- List Price
- $1,295,000
- Status
- ACTIVE
- Days on Market
- 176
- Price Change
- ▼ $104,000 1782182345
- MLS#
- 6988907
- Subtype
- Comm/Industry Sale
- Year Built
- 1973
- Living Area
- 5,167
- Lot Size
- 19,341
- Acres
- 0.44
Property Description
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.
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Additional Information
- Taxes
- $7,746
- Zoning
- OC
- Heating
- Heat Pump
- Air Conditioning
- Office A/C, Heat Pump
- Exterior Construction
- Wood Frame
- Parking Features
- Open, Private, Paved, Parking Lot
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Listing courtesy of Listing Agent: Robert Joseph Kapelke (602-777-0456) from Listing Office: American Realty Brokers.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.