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About This Home
This 0-bedroom, 0-bathroom single family at 625 W SOUTHERN Avenue in Mesa, AZ is listed for $1,399,000 ($271 per sqft). Built in 1973, the home offers 5,167 sqft of living space on a 0.44 acres lot.
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.
Key Features
- Built in 1973
- 0.44 acre lot
Property Details
Amenities
Monthly Cost Estimate
$7,482/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
625 W SOUTHERN Avenue
Mesa, AZ 85210
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom single family at 625 W SOUTHERN Avenue is listed at $1,399,000 ($271/sqft). The estimated monthly payment is $6,062 based on 20% down at 6.5% interest.
Key features include: Built in 1973, 0.44 acre lot.
This property is listed by Robert Joseph Kapelke and can be reached at 6027770456 or kapelke.bo@gmail.com.
