Freestanding Office in North
For Sale
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2610 E University Dr, Mesa, AZ 85213
Freestanding office building with plentiful parking and monument signage.
Property Size17,760 SF
Price / SF$222.41
Days on Market911
Property Features for 2610 E University Dr
General Information
Standard status
Active
Size
17,760 SF
Property subtype
Office
Building Details
Year Built
1989
Listing Agency:
The Menlo Group Commercial Real Estate LLC
(480) 282-3089
Listed By:
Grafton Milne · License #AZ BR584594000
Source:
Crexi
Added: Feb 5, 2024
Changed: Jul 6
Last Checked: Aug 3 at 2:38PM
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 The Menlo Group Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This is a freestanding office building situated on the north side of University Drive, one block west of Lindsay Road in Mesa, Arizona. The property is located in the established North Mesa area, characterized by high demographics and a strong population. The commercial building features monument signage, plentiful parking that includes covered spaces, and well-maintained landscaping. The location provides convenient access to Loop 202 and US 60, as well as various business, retail, and medical amenities. The property is suitable for a range of potential buyers.
Key Highlights
- Prime location in established North Mesa with high demographics and strong population numbers.
- Easy access to Loop 202 and US 60.
- Freestanding building with monument signage.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $304,319 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,770 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 85213, AZ
36,572
Population
15,468
Households
2.4
Avg Household Size
39
Median Age
39%
College-Educated
96%
High-School Grad
9.2 sq mi
ZIP Area
3,975
Density / Sq Mi
$100,671
Median Household Income
$49,759
Median Earnings
$1,640
Median Rent
$407,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building with plentiful parking and monument signage.
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: Prime location in established North Mesa with high demographics and strong population numbers.; Easy access to Loop 202 and US 60.; Freestanding building with **monument signage**.
