For Sale
$2,200,301

4827 Southern AveMesa, AZ 85206

Fully Leased Medical Office Building

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 5,122 square foot Class B medical office building in Mesa, Arizona, presents a compelling investment opportunity. Located at 4827 E Southern Ave, this single-story, 100% occupied property boasts a strong 5.25% cap rate and a substantial net operating income (NOI) of $115,515.84. The property features two medical tenants under long-term NNN leases: Whiting Dental, soon to sign a new 7-year lease, and Grace Dental Studio, with a brand new 5-year lease. Suite 100 encompasses approximately 2,600 square feet, including reception, conference room, two offices, break room, two restrooms, eight exam rooms, and a lab room. Suite 200 offers approximately 2,522 square feet, featuring reception, conference room, break room, four offices, a bullpen, and two restrooms. The property sits on a 34,914 square foot lot and offers ample parking (8.08 spaces per 1,000 sq ft). The asking price is $2,200,301, translating to $429.57 per square foot. Permitted zoning is OC, City of Mesa, and the APN is 140-54-005R. Built in 2000, this property offers a stable, high-performing investment with significant upside potential. This is a turnkey investment opportunity with minimal vacancy risk.

Highlights

  • Fully leased medical office condo in Mesa, AZ with long-term NNN leases.
  • Whiting Dental will execute a new 7-year lease upon closing.
  • Grace Dental Studio has a brand new 5-year lease.
  • Suite 100: 2,600 SF, reception, conference room, 2 offices, break room, 2 restrooms, 8 exam rooms, and lab.
  • Suite 200: 2,522 SF, reception, conference room, break room, 4 offices, bullpen, and 2 restrooms.
  • Investment opportunity: fully leased NNN medical condo with two tenants.

Property Details for 4827 Southern Ave

Property type
Office properties, Medical offices
Square Feet
5,122 SF
Class
B
Year Built
2000
Stories
1

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.39336485
Longitude
-111.72721518
4827 Southern Ave, Mesa, Arizona

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4827 Southern Ave
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