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    215 Power Rd Mesa, AZ 85206

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Medical Office Space Available

    Lot size:
    43,268 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 43,268 square foot medical office center, located at 215 S Power Rd in Mesa, Arizona (zip code 85206), presents a unique investment opportunity. Built in 1987 and situated on a 76,676 square foot lot, the property is zoned C-2 and features multiple tenancies. Currently, there is 13,253 square feet of vacant space available, divisible into units as small as 925 square feet, with a maximum contiguous space of 6,594 square feet. The property's versatile design caters to a variety of medical and office users. Its convenient location offers easy access to major transportation routes, nearby hospitals, and a wealth of retail and restaurant options, ensuring high visibility and accessibility for tenants. The property's owner is offering a substantial tenant improvement package to facilitate a seamless transition for new occupants. The property's APN is 218-21-011 and is located in Maricopa County. This is an excellent opportunity to acquire a well-located, versatile medical office building with significant potential for growth and return on investment. The property is ideally suited for multiple types of office users, offering a range of space options to accommodate various business needs. The generous tenant improvement allowance further enhances the attractiveness of this property for prospective tenants.

    Property Features for 215 Power Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,268 SF
    Total Rate
    70130.22

    Building Details

    Year Built
    1987

    Unit(s) available at that property

    Space
    Suite 205
    Size
    7,968 SF
    Rate per SF
    $19
    Space
    Suite 102
    Size
    1,964 SF
    Rate per SF
    $19
    Space
    Suite 208
    Size
    832 SF
    Rate per SF
    $19
    Space
    Suite 220
    Size
    2,400 SF
    Rate per SF
    $19
    Space
    Suite 207
    Size
    3,334 SF
    Rate per SF
    $19

    HighLights

    • Close proximity to two major medical centers.
    • Monument signage opportunity.
    • Ample covered and uncovered parking.
    • Generous tenant improvement allowances available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rem Sleep Therapy Psychologist Stephen L. Burton, ... Physical Therapist Banner Health Medical Clinic New Hope Behavioral ... Counselor Kidney Specialists Clinic ... Medical Clinic

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.681956
    Latitude
    33.4113576

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    FAQs

    What type of property is this?
    Restaurant - Prime Medical Office Space Available
    Where is this restaurant located?
    The property is located at 215 Power Rd Mesa, AZ.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Close proximity to two major medical centers.; Monument signage opportunity.; Ample covered and uncovered parking.
    Request Owner's contact information
    215 Power Rd Mesa, AZ 85206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 Power Rd Mesa, AZ 85206
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