For Sale
$11,500,000

1355 Clearview AveMesa, AZ 85209

High-yield office/flex building in prime Mesa location.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional mixed-use property, located at 1355 S Clearview Ave, Mesa, AZ 85209, presents a compelling investment opportunity. The 58,390 square foot building, constructed in 1998, sits on a generous 5.14-acre lot at the northeast corner of South Clearview Avenue and East Hampton Avenue, offering convenient access to the US 60 Superstition Freeway (within a quarter-mile). Currently operating as a multi-tenant office/flex space, the property boasts a strong net operating income (NOI) of $741,464, translating to an attractive 6.45% capitalization rate. The asking price is $11,500,000. This presents a rare chance to acquire a well-situated, high-performing asset in a thriving Arizona market. The property's size and location make it ideal for a variety of uses and potential future development. Its strong financial performance and strategic location make it an attractive investment for both seasoned and emerging investors seeking a stable and appreciating asset in the dynamic Mesa commercial real estate market. The property's proximity to major transportation arteries ensures excellent accessibility for tenants and employees. This is a turnkey investment ready for immediate income generation and potential long-term appreciation.

Highlights

  • $11,500,000 asking price.
  • Mixed-use office/flex property.
  • 58,390 square feet.
  • 6.45% cap rate.
  • $741,464 net operating income (NOI).
  • 1998 year built.

Property Details for 1355 Clearview Ave

Property type
Mixed-use properties
Square Feet
58,390 SF
Year Built
1998
Lot Size (sq. ft)
223,898 SF

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.3904465
Longitude
-111.6769716
1355 Clearview Ave, Mesa, Arizona

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1355 Clearview Ave
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