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Property profile & analytics
FOR SALE
Medical Office Space

2610 E University Dr Mesa, AZ 85213

17,490 SF 1.3 ac lot Built 1989
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US07-3282346
Property summary
AI-generated overview

This exceptional investment opportunity presents a single-tenant, net-leased freestanding office building situated on a 1.3-acre lot at 2610 E University Drive in Mesa, Arizona. Currently fully occupied by a professional office tenant, this property offers a stable income stream and significant potential for future appreciation. The building benefits from a highly visible location in an established North Mesa area, boasting prominent monument signage to ensure high visibility and attract clientele. Ample parking is available for tenants and visitors, enhancing convenience and accessibility. The property is meticulously maintained, featuring attractive and well-kept landscaping that contributes to a positive and professional image. Its strategic location provides easy access to major transportation arteries, including the Loop 202 and US 60 freeways, ensuring convenient commutes for employees and clients. The surrounding area is rich with a diverse mix of businesses, retail establishments, and medical facilities, creating a vibrant and thriving commercial environment. This turnkey investment is ideal for those seeking a stable, high-performing asset in a prime location with strong growth potential. The asking price for this exceptional property is $4,181,211. The square footage of the building is not currently available. This property offers a rare opportunity to acquire a well-positioned, income-producing asset in a desirable market.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1989
Construction CONCRETE
Total area 17,490 SF
Lot 1.3 ac (56,784 SF)
Zoning code OC
APN 140-10-360B
UPID US07-3282346
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Robert Flanders, CRNA Physician
  • American Vision Partners - Call Center Eye Care Center
  • Dr. Michael Campion, MD Ophthalmologist
  • Ethington Roger B OD Physician
  • Dr. Taylor Thompson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.78M
Blend (final) Blend
$6.78M
Owner & transaction history
Acacia Admin LLC · 19 yrs held
Acacia Admin LLC
since 2006
4 recorded transactions
2006
$2.4M
2006
$1.8M
1997
$1.6M
1987
Price N/A
Zoning & alternative use
OC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $11.2M +145.0%
Restaurant $11.2M +144.4%
Auto repair, garage $7.7M +68.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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