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2610 University Dr Mesa, AZ 85213

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For Sale
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17,760 SF Executive Office, 7.14% Cap Rate

Property size:
17,760 SF

Property Features for 2610 University Dr

General Information

Property type
Office properties & Spaces
Square Feet
17,760 SF
Class
B

Building Details

Year Built
1989

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Listing Contact
Grafton Milne
Grafton Milne

Listing Agency: Menlo Group Commercial Real Estate Listing Agent: Grafton Milne

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a fully occupied, 17,760-square-foot Class B executive office building situated at 2610 E University Dr, Mesa, Arizona, 85213. The property boasts a strong 7.14% capitalization rate, generating a net operating income (NOI) of $298,609 annually. Currently leased to American Vision Partners under a 10-year NNN lease expiring April 4, 2027, with a 100% occupancy rate and 2% annual rent increases, this single-tenant freestanding building offers significant stability and predictable cash flow. Built in 1989, the property features desirable amenities including monument signage, ample parking (including covered spaces), and meticulously maintained landscaping. Its prime location in North Mesa provides easy access to major transportation arteries like Loop 202 and US 60, as well as a wealth of nearby businesses, retail establishments, and medical facilities. The property is zoned OC by the City of Mesa and offers a land value of $235.43 per square foot. The asking price is $4,181,211. While currently fully occupied, potential owner-user opportunities may exist. This is a rare opportunity to acquire a high-performing commercial property in a thriving market. The lease includes some landlord maintenance responsibilities.
Property Profile Insight Report 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

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Mesa
County
Maricopa
State
Arizona
Longitude
-111.7749885
Latitude
33.4231971

FAQs

What type of property is this?
Office property - 17,760 SF Executive Office, 7.14% Cap Rate
Where is this office property located?
The property is located at 2610 University Dr Mesa, AZ.
What is the asking price?
The asking price for this property is $4,181,211.
(480) 282-3089 Call to check price and availability
More about this property
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