2111 University DrMesa, AZ 85201

Property Details for 2111 University Dr

Year built

1973

Construction

CONCRETE

Lot size

1.23 AC

Property size (Sq ft)

7,839 SF

Zone code

LC

Property type

Medical offices

Property subtype

Medical centers

APN

135-46-117Q

APU

13546117Q

Description

This single-story, 7,553-square-foot medical office building in Mesa, Arizona, presents a unique owner-user or investment opportunity. Located at 2111 W University Dr, 85201, in Maricopa County, this Class B property sits on a spacious 53,709-square-foot lot. Completely vacant, the building offers immediate occupancy starting December 1st, 2024. Renovated in 2014, the property features a fully built-out interior, ideal for a variety of medical practices. The asking price is $2,454,725, translating to $325 per square foot. Building and monument signage are included. The property is a single-tenant building with a private ownership structure and is not subject to a ground lease. The APN is 135-46-117Q. While currently vacant, this property offers significant potential for a medical professional seeking a move-in ready space or an investor looking for a strong return. Detailed floor plans are available upon request. This is a rare opportunity to acquire a well-maintained, free-standing medical building in a desirable Mesa location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,333,012

  6.5%

  $2,153,550

  7%

  $1,999,725

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,654,276

  Geo Method

  $1,654,276

• Alternative Use

  Use

  Valuation

  Residential

  $2,670,402

  Hospitality

  $2,446,074

  Educational

  $2,035,105

  Medical

  $2,105,095

  Retail

  $3,165,718

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4216

Longitude

-111.877

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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