Office Building with Major Road
7447 E Southern Ave Mesa, AZ 85209
For Sale
Contact for pricing
Pending
Office building at 7447 E Southern Ave with direct frontage on a high-traffic thoroughfare and quick access to US 60.
Property Size5,953 SF
Days on Market654
Property Features for 7447 E Southern Ave
General Information
Standard status
Pending
Size
5,953 SF
Property subtype
OFFICE
Listing Agency:
Sperry Commercial Global Affiliates
(480) 519-1804
Listed By:
Zackery Sherman · License ##684602000
(480) 519-1804
Source:
Moodyscre
Added: Oct 15, 2024
Changed: Jul 27
Last Checked: Jul 29 at 3:52PM
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 Sperry Commercial Global Affiliates
Investment Insights
Based on property information with market context.
The subject property is an office building located at 7447 E Southern Ave in Mesa, AZ, within the Commons at Superstition Springs. The offering includes convenient access to the surrounding retail environment and the major roadway network in the area.
The property has direct frontage on Southern Ave, described as a high-traffic thoroughfare. It is near US 60 and Sossaman Rd, with immediate access to US 60 via a full-diamond interchange at Power Rd and a half-diamond interchange at Sossaman Rd. Additional connectivity includes access to the Loop 202 Freeway within minutes.
The building is surrounded by retail amenities, including Superstition Springs Center, Costco, Target, and numerous shops and restaurants.
The property has direct frontage on Southern Ave, described as a high-traffic thoroughfare. It is near US 60 and Sossaman Rd, with immediate access to US 60 via a full-diamond interchange at Power Rd and a half-diamond interchange at Sossaman Rd. Additional connectivity includes access to the Loop 202 Freeway within minutes.
The building is surrounded by retail amenities, including Superstition Springs Center, Costco, Target, and numerous shops and restaurants.
Key Highlights
- Office building at 7447 E Southern Ave with direct frontage on Southern Ave, a high‑traffic thoroughfare
- Convenient Mesa, AZ location near US 60 and Sossaman Rd within the Commons at Superstitions Springs
- Immediate access to US 60 via a full‑diamond interchange at Power Rd and a half‑diamond interchange at Sossaman Rd
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 | $165.0k | $27.72 |
| − Vacancy | −$32.2k | −$5.41 |
| EGI | $132.8k | $22.31 |
| − OpEx | −$33.2k | −$5.58 |
| NOI | $99.6k | $16.74 |
5,953 SF · lease $27.72/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.42M
$1.25M – $1.66M
NOI $99,629 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,364 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building at 7447 E Southern Ave with direct frontage on a high-traffic thoroughfare and quick access to US 60.
Where is this office building located?
The property is located at 7447 E Southern Ave Mesa, AZ.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Office building at 7447 E Southern Ave with direct frontage on Southern Ave, a high‑traffic thoroughfare; Convenient Mesa, AZ location near US 60 and Sossaman Rd within the Commons at Superstitions Springs; Immediate access to US 60 via a full‑diamond interchange at Power Rd and a half‑diamond interchange at Sossaman Rd
