Bldg 10A & 10B | 1423 S Higley Rd
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Bldg 10A & 10B 1423 S Higley Rd
3,600 SF Office Building Mesa, AZ 85206 $1,200,000 ($333/SF) 4% Cap Rate
Investment Highlights
- Turn Key Investment, Owner/User Combination Opportunity
- Thriving East Mesa Location off HWY 60 with a 37,000 Plus Traffic Count
- 24 Plus Years of Owner/User Pride of Ownership
- 4 Covered Parking Spaces
Executive Summary
Turn Key Investment with Upside Or Owner/User With Rental Income Opportunity!!! Prime Office Condo in Thriving East Mesa, Arizona. Discover the perfect blend of space, convenience, and modernity with this exceptional 3600 square foot office condo Ideally situated on high traffic count Higley Rd and the E 60 Hwy. Recently updated and meticulously maintained, this property offers a pristine environment for your business operations. Versatile office space, currently 10 executive office suites, 2 Vacant and 3 MTM Ready for Owner/User with Income. Reception area, Kitchen and Multiple Restrooms. Thoughtfully designed floor plan to accommodate various office configurations, suitable for a wide range of professional endeavors. All facts and figures approximate, Buyer to verify all facts and figures to their satisfaction.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,600
|
$20.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,600
|
$20.17
|
| Taxes |
$7,428
|
$2.06
|
| Operating Expenses |
$17,556
|
$4.88
|
| Total Expenses |
$24,984
|
$6.94
|
| Net Operating Income |
$47,616
|
$13.23
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $72,600 |
| Annual Per SF | $20.17 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,600 |
| Annual Per SF | $20.17 |
| Taxes | |
|---|---|
| Annual | $7,428 |
| Annual Per SF | $2.06 |
| Operating Expenses | |
|---|---|
| Annual | $17,556 |
| Annual Per SF | $4.88 |
| Total Expenses | |
|---|---|
| Annual | $24,984 |
| Annual Per SF | $6.94 |
| Net Operating Income | |
|---|---|
| Annual | $47,616 |
| Annual Per SF | $13.23 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,600 SF
Building Class
B
Year Built/Renovated
2000/2020
Price
$1,200,000
Price Per SF
$333
Cap Rate
4%
NOI
$48,000
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,600 SF
Building FAR
1.03
Lot Size
0.08 AC
Zoning
C-O - commercial
Parking
12 Spaces (3.33 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $143,098 (2025) | |
| Land Assessment | $0 (2025) | Annual Taxes | $7,428 ($2.06/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$143,098 (2025)
Annual Taxes
$7,428 ($2.06/SF)
Tax Year
2024
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Bldg 10A & 10B | 1423 S Higley Rd
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