Remarks

This property offers a prime office location along the bustling Patterson Road corridor, strategically positioned between St. Mary’s Hospital and Community Hospitals. With 21,805 square feet of office space spread across two floors, this building sits on 1.84 acres, providing ample parking options both at the front and rear. Currently, 11,000 square feet of the space is leased to a real estate company, with lease terms available upon request. This offers immediate income potential for investors. With its prime location, spacious layout, and potential for further lease or customization, this property is an excellent opportunity either as a solid investment or as a headquarters for your corporation. As an investment property, this property has a 6% cap rate of return, based upon the current lease and a new lease from the owner for the second-floor space. Contact the Brokers for more information.

Details

MLS#: 20245498
Price: $6,500,000

Style: Building

County: Mesa
Lot Size: 13 x 585
Tax Fee: 62670