Freestanding Office Building in Mesa

2610 E University Dr, Mesa, AZ

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For Sale

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Fully occupied office building with a long-term NNN lease.

Type:OFFICE

Property size:

17,760 SF

Lot size:

1.31 Acres

Price / SF:

$222/SF

Contact for Pricing

Please call us for current price
and status of this listing

Grafton Milne

Real Estate License ID: BR584594000

HighLights

Fully occupied freestanding office building offering a stable income stream.
Tenant is American Vision Partners, a well‑established organization.
NNN Lease in place until April 4, 2027, providing long‑term security.
Located in the desirable North Mesa area with strong demographics and population.
Excellent accessibility to Loop 202 and US 60.
Features monument signage and plentiful parking, including covered spaces, with well‑maintained landscaping.

For Sale

Contact for pricing

Fully occupied office building with a long-term NNN lease.

Type:OFFICE

Property size:

17,760 SF

Lot size:

1.31 Acres

Price / SF:

$222/SF

Added:: Jan 31, 2024
Days on Market:: 862
Last Refresh:: May 20 at 9:28 pm

Property Features for 2610 E University Dr

General Information

Standard status: Active
Size: 17,760 SF
Lot size: 1.31 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Grafton Milne

Listing agent Grafton Milne License #BR584594000

Listing office Menlo Group Commercial Real Estate

Listing date Jan 31, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Menlo Group Commercial Real Estate

HighLights

Fully occupied freestanding office building offering a stable income stream.
Tenant is American Vision Partners, a well‑established organization.
NNN Lease in place until April 4, 2027, providing long‑term security.
Located in the desirable North Mesa area with strong demographics and population.
Excellent accessibility to Loop 202 and US 60.
Features monument signage and plentiful parking, including covered spaces, with well‑maintained landscaping.

Overview

This is a fully occupied, two-story professional freestanding office building located in the established North Mesa area. The property is situated on the north side of University Drive, one block west of Lindsay Road in Mesa, Arizona. The current tenant is American Vision Partners, with a ten-year NNN lease expiring on April 4, 2027. The property features monument signage, plentiful parking including covered spaces, and well-kept landscaping. The location offers easy access to Loop 202 and US 60, as well as various business, retail, and medical amenities. The property size is 17,760 square feet. The area has high demographics and strong population numbers.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$513.6k	$28.92
− Vacancy	−$107.9k	−$6.07
EGI	$405.8k	$22.85
− OpEx	−$101.4k	−$5.71
NOI	$304.3k	$17.14

17,760 SF · lease $28.92/SF/yr · vacancy 21.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$4.35M

$3.80M – $5.07M (±1% cap)

NOI $304,319 @ 7.0% cap · market cap 7.70%

Second Best

Healthcare Medical

$1.93M

$1.69M – $2.25M (±1% cap)

NOI $134,814 @ 7.0% cap · market cap 3.41%

Theoretical Best

Office A

$4.87M

$4.26M – $5.68M (±1% cap)

NOI $340,770 @ 7.0% cap · market cap 8.63%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Robert Flanders, CRNA Physician American Vision Partners ... Eye Care Center Dr. Michael Campion, ... Ophthalmologist Ethington Roger B ... Physician Dr. Taylor Thompson Physician

Suggested Use

Location Insight

Map
Local Demand

City: Mesa
County: Maricopa
State: Arizona
Longitude: -111.775
Latitude: 33.4233

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For sale
Office buildings
AZ
Mesa
2610 E University Dr

What type of property is this?

Office building - Fully occupied office building with a long-term NNN lease.

Where is this office building located?

The property is located at 2610 E University Dr Mesa, AZ.

What is the asking price?

The asking price for this property is $3,950,000.

What are key features of this property?

This property features: Fully occupied freestanding office building offering a stable income stream.; Tenant is American Vision Partners, a well‑established organization.; NNN Lease in place until April 4, 2027, providing long‑term security.

2610 E University Dr, Mesa, AZ

Fully occupied office building with a long-term NNN lease.

Property Features for 2610 E University Dr

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mesa Multifamily Property For Sale

Multi-Tenant Strip Center For Sale

Income Property in Downtown Mesa

Mesa Duplex with Leases

Duplex Studio Units

Mesa Fourplex in Prime Location

Mesa Duplex: Investment Opportunity

Mesa Restaurant Property For Sale

Drive-Through Restaurant Site

New Mesa Fourplex Investment Opportunity

Mesa Medical Office Building For Sale

Valvoline NNN Ground Lease Investment

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