Office Building with Major Road
For Sale
Contact for pricing
Pending
7447 E Southern Ave, Mesa, AZ 85209
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 Market744
Property Features for 7447 E Southern Ave
General Information
Standard status
Pending
Size
5,953 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Sperry Commercial Global Affiliates
(602) 566-7200
Listed By:
Zackery Sherman · License ##684602000
(480) 519-1804
Source:
Moodyscre
Added: Oct 15, 2024
Changed: Oct 25
Last Checked: Oct 28 at 9:34AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$99,629
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,992,580
$2.0M
Cap Rate 7%
$1,423,271
$1.4M
Cap Rate 9%
$1,106,989
$1.1M
Market Conditions
NOI Build-Up for 5,953 SF
Gross rent
$165.0K $27.72/SF
− Vacancy
−$32.2K −$5.41/SF
EGI
$132.8K $22.31/SF
− OpEx
−$33.2K −$5.58/SF
NOI
$99.6K $16.74/SF
Area
ZIP 85209
Vacancy
19.50%
Lease Rate
$27.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,992,580
Cap Rate 7%
$1,423,271
Cap Rate 9%
$1,106,989
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 85209, AZ
44,192
Population
21,921
Households
2
Avg Household Size
44
Median Age
33%
College-Educated
93%
High-School Grad
11.8 sq mi
ZIP Area
3,745
Density / Sq Mi
$80,498
Median Household Income
$46,682
Median Earnings
$1,798
Median Rent
$363,800
Median Home Value
Market
Vacancy Rate% for Office in West region
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
