6952 Broadway RdMesa, AZ 85208

Property Details for 6952 Broadway Rd

Year built

2002

Construction

STEEL FRAME

Lot size

0.63 AC

Property size (Sq ft)

5,166 SF

Zone code

LC

Property type

Healthcare properties

Property subtype

Medical offices

APN

218-21-097

APU

21821097

Description

This exceptional 5,166 square foot multi-tenant medical office condo is situated at 6952 E Broadway Rd in Mesa, Arizona's Regency Professional Plaza. Built in 2002, the property boasts a desirable location with frontage on Broadway Road, just east of Power Road. The building offers convenient access to a thriving business community and benefits from its proximity to Phoenix. The property features a generous parking ratio of 2.47 spaces per 1,000 square feet, ensuring ample parking for tenants and visitors. Zoned C-C, this investment opportunity is ideal for medical professionals seeking a well-established location in the East Valley submarket. The building's multi-tenant structure provides a stable income stream, while its location near the Mesa Arts Center and Usery Mountain Regional Park offers a unique blend of cultural and recreational amenities. The asking price for this turnkey medical office condo is $1,800,000. The property is offered as a Net Net Net (NNN) lease.

• CAP approach

  CAP return

  Valuation

  6%

  $1,637,684

  6.5%

  $1,511,708

  7%

  $1,403,729

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,165,346

  Geo Method

  $1,165,346

• Alternative Use

  Use

  Valuation

  Residential

  $1,874,518

  Hospitality

  $1,717,048

  Educational

  $1,428,564

  Medical

  $1,477,695

  Retail

  $2,222,211

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4084

Longitude

-111.681

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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