OfficeMax 6631 E Southern Ave
26,705 SF Retail Building Mesa, AZ 85206 $4,150,000 ($155/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Zero Landlord Obligations
- 4 Renewal Options Remaining
- Great Visibility from Southern Ave
- Long Term Tenant since 1994
- Corporate Guarantee
- 50,000 VPD through Southern Ave and Power Road
EXECUTIVE SUMMARY
LevRose is pleased to present a premier investment opportunity: a single-tenant, net-leased OfficeMax property located at 6631 E. Southern Avenue, Mesa, AZ 85206. This standout asset features a well-maintained, high-quality retail facility positioned within one of the most vibrant and rapidly growing areas of the Mesa metropolitan region. The property boasts strong visibility and accessibility in a high-traffic commercial corridor, benefiting from proximity to key retail centers and a robust local economy.
Anchored by a long-term lease with OfficeMax, a recognized leader in the office supply industry, this investment offers the security of a stable and predictable income stream backed by a well-established national tenant. The net-lease structure further enhances its appeal by providing minimal landlord responsibilities, ensuring ease of management for investors. This OfficeMax location is poised to deliver consistent performance and long-term value in a market that continues to experience economic growth and retail demand.
Anchored by a long-term lease with OfficeMax, a recognized leader in the office supply industry, this investment offers the security of a stable and predictable income stream backed by a well-established national tenant. The net-lease structure further enhances its appeal by providing minimal landlord responsibilities, ensuring ease of management for investors. This OfficeMax location is poised to deliver consistent performance and long-term value in a market that continues to experience economic growth and retail demand.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
26,705 SF
Building Class
B
Year Built
1994
Price
$4,150,000
Price Per SF
$155
Cap Rate
6.35%
NOI
$263,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
2.08 AC
Zoning
C-G, Mesa - General Commercial
Parking
130 Spaces (5.53 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 141-54-035A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $437,300 |
