Freestanding Office in North
2610 E University Dr Mesa, AZ 85213
2610 E University Dr, Mesa, AZ, 85213
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For Sale
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Freestanding office building with plentiful parking and monument signage.
Property Size17,760 SF
Price / SF$222.41
Days on Market899
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 Updated: Jul 6 at 8:15AM Checked: Jul 22 at 11:30AM
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.
Local 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 local authorities.
Property Analytics
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
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FAQs
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**.
