Great income producing property with a CAP Rate of 6.39% and a potential of 7.5% once the basement office is leased out. The basement office lends for affordability, privacy, and a unique work environment of 1,900 sq.ft. available at $14/sq.ft This property offers an excellent location, just west of Gilbert Road, near the US-60 freeway, making it easily accessible. It is ideal for a medical practice or other professional services due to its established use and proximity to the Mesa and Gilbert communities. The Pediatric Tenant has 4 years left of a 5-year lease and the Dermatology Tenant has 3 years left of a 5-year lease. Working on leasing out the basement office. Pediatric Office 2,400 sq.ft., Pinnacle Dermatology Office 4,800 sq.ft. See Rent Roll in Photos Tab
The median home value in Mesa, AZ is $425,900. This is lower than the county median home value of $456,600. The national median home value is $338,100. The average price of homes sold in Mesa, AZ is $425,900. Approximately 54.77% of Mesa homes are owned, compared to 32.79% rented, while 12.44% are vacant. Mesa real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Mesa real estate agent to arrange a tour today!
Mesa, Arizona 85204 has a population of 497,752. Mesa 85204 is less family-centric than the surrounding county with 28.21% of the households containing married families with children. The county average for households married with children is 31.17%.
The median household income in Mesa, Arizona 85204 is $65,725. The median household income for the surrounding county is $72,944 compared to the national median of $69,021. The median age of people living in Mesa 85204 is 36.6 years.
The average high temperature in July is 104.6 degrees, with an average low temperature in January of 40.9 degrees. The average rainfall is approximately 10.1 inches per year, with 0 inches of snow per year.