Office•Office Building•For Sale

4-Story Office - $3,750,000 - Lower Price!

560 W Brown Road, Mesa, Arizona 85201

Sale Price $3,750,000
Sale Type Investment
Zoning RM-4
Bldg Type Multi-Tenant
Class C
Status Existing
Year Built 1981
Year Renovated 2018
Stories 4
Cap Rate 6.11%
Vacancy 55%
Gross Bldg 65,839 SqFt
RBA 60,500 SqFt
Land Area 5 Acres
Avail Parking 5/1000SqFt
Ceiling Height 10.0 Ft
Net Op Inc $229,030.19
Market Office/Medical
Sub-Market Medical/Office
65,839 sf office building for sale. 4-story center-core building. Multi-tenancy. Half of the building's rented space has been remodeled with one tenant occupying 50% of the building. Remainder of building needs updated, remodeled and leased up. Contact Listing Agent For: * Rent Roll * Two Years of Cash Flow Statements * Stacking Plan Identifying Leased Suites * Full Service Lease Comps within a 5 mile radius Consider your next investment in Mesa, AZ 1) Job Growth 2) Pro-business environment 3) Low Taxes 4) Superior Infrastructure 5) Affordable Cost of Living Located in Mesa, Arizona and just 15 miles east of Phoenix, Mesa covers 138 square miles, is the third largest city in Arizona. With vibrant recreational, educational and business opportunities, Mesa offers a variety of amenities including parks within easy walking distance from home, highly rated golf courses , a diversity of concerts and community festivals, and Mesa's ever-popular Chicago Cubs and Oakland A's Spring Training baseball. For Lease! This space advertised includes the fourth floor of this office building that can be built-out for a new tenant. Tenant improvements negotiable. Full service lease includes utilities, CAM's, etc, with exception of janitorial. Great location near Mesa Riverview. Easy access from north loop 202 at McKellips or Country Club in Mesa. Directions - From North Loop 202 take Arizona Avenue (Country Club) south to Brown Road (approx. 2 miles). West on Brown Road, building is on the north side of the road.
  • 4 -story Multi-tenant office building
  • No deferred maintenance
  • 55% leased
  • Recent price reduction!
  • 15,000 square feet possible contiguous square footage for call center or data center
  • Lease Rate Negotiable
  • 5:1 parking ratio
  • Easy access to North Loop 202
  • 10 minutes to Sky Harbor International Airport
6/10/2019 8:47:50 PM 8/12/2019 5:17:35 PM

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