86 W University Dr | Mesa, AZ 85201
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86 W University Dr
Mesa, AZ 85201
Mesa Mansion · Property For Lease
Property Overview
This is an investment property. The owner has been performing major TIs since the purchase. Even with about 50% vacancy **, it has a 6.25% CAP rate. Fully leased puts the CAP rate at about 14.7%. Reason for high vacancy is we lost a lot of tenant when the property was foreclosed upon. We are rebuilding the clientele. We have another option with a much lower price, call for details. Has actual 4 levels. 2 in the basement and 2 above. NEC of MacDonald and University. Close to the light rail.
- Courtyard
- Signage
- Air Conditioning
PROPERTY FACTS
Building Type
Office
Year Built/Renovated
1925/1969
Building Height
2 Stories
Building Size
13,660 SF
Building Class
C
Typical Floor Size
6,830 SF
Parking
63 Surface Parking Spaces
1 of 1
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