Office Building with True NNN
625 W Southern Ave Mesa, AZ 85210
625 W Southern Ave, Mesa, AZ, 85210
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For Sale
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Office property zoned OC with a true NNN lease and 3% annual rent increases.
Property Size5,167 SF
Price / SF$285.47
Days on Market150
Property Features for 625 W Southern Ave
General Information
- Standard status
- Active
- Size
- 5,167 SF
- Property subtype
- Office
Building Details
- Year Built
- 1973
Listing agency
American Realty Brokers
Listed by
Bo Kapelke · License #SA516215000
Source
Crexi
Added: Feb 23 Updated: Jul 22 at 6:59PM Checked: Jul 22 at 6:59PM
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 American Realty Brokers
Investment Insights
Based on property information with market context.
This office property is offered as a true NNN lease investment. The current lease includes a 3% annual rent increase and offers (2) optional 5-year extensions, each at a market rent rate determined at the time of renewal. The current tenant also acts as the property manager.
The property has excellent frontage to Southern Ave and is zoned OC, supporting a range of office-oriented uses as determined by the local code.
If you are an owner-operator seeking to occupy the building, the tenant is willing to terminate the lease and relocate, subject to the terms of the agreement and relocation logistics.
The property has excellent frontage to Southern Ave and is zoned OC, supporting a range of office-oriented uses as determined by the local code.
If you are an owner-operator seeking to occupy the building, the tenant is willing to terminate the lease and relocate, subject to the terms of the agreement and relocation logistics.
Key Highlights
- 1973‑built office property zoned OC with a true NNN lease
- Current CAP rate listed at 5.95%
- Lease includes 3% annual rent increases
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 | $149.4k | $28.92 |
| − Vacancy | −$31.4k | −$6.07 |
| EGI | $118.0k | $22.85 |
| − OpEx | −$29.5k | −$5.71 |
| NOI | $88.5k | $17.14 |
5,167 SF · lease $28.92/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.26M
$1.11M – $1.48M
NOI $88,537 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,142 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dolce Electric Co
Electrical Service
Lift Parts Express ...
Factory
Polar Tech Ed ...
(Bike/Boat/Book/etc) Store
Diamond Select LLC
Corporate Office
Deepscape Digital
Marketing & Advertising
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FAQs
What type of property is this?
NNN property - Office property zoned OC with a true NNN lease and 3% annual rent increases.
Where is this nnn property located?
The property is located at 625 W Southern Ave Mesa, AZ.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 1973‑built office property zoned OC with a true NNN lease; Current CAP rate listed at 5.95%; Lease includes 3% annual rent increases
