303 W Southern Ave, Mesa, AZ 85210
Two industrial buildings totaling 73,500 SF on 4.52 acres.
- Added:
- Jan 11, 2023
- Days on Market:
- 1255
- Last Refresh:
- May 20 at 8:16 pm
Property Features for 303 W Southern Ave
General Information
- Standard status
- Active
- Size
- 73,500 SF
- Lot size
- 4.52 Acres
- Property subtype
- Industrial
Listing agent Max Schumacher, SIOR License #SA678600000
Listing office Rein & Grossoehme Commercial Real Estate
Listing date Jan 11, 2023
Source Crexi
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 Rein & Grossoehme Commercial Real Estate
HighLights
- Large fenced and secured yard (1.64 acres)
- Two industrial buildings totaling 73,000 SF on 4.58 acres
- Priced below replacement cost
- Immediate freeway access
- Twelve oversized grade level loading doors (drive through)
- Ideal owner/user opportunity with potential to lease out portions
Overview
Local Financial Insights For Industrial
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 | $1.12M | $15.24 |
| − Vacancy | −$75.0k | −$1.02 |
| EGI | $1.05M | $14.22 |
| − OpEx | −$313.5k | −$4.27 |
| NOI | $731.6k | $9.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.8243404
- Latitude
- 33.3923911
