425 & 515 N Stapley Dr Mesa AZ 85203
Fitness Anchored Retail Center for Sale
Commercial Farming - Mesa AZ
- 425 & 515 N Stapley Dr. Mesa, AZ 85203
- NEC of Stapley & University Dr.
- For Sale $5,631,297 ($229 PSF)
- Cap Rate 5.25%
- NOI $295,643
- Year Built: 1999/2005
- Building Size: 24,568 sq. ft.
- Site Size 2.11 AC
- Occupancy 91%
- Parking Ratio: 4.49/1000
- Parcel Number 137-04-008 / 137-04-010
- Zoning LC, City of Mesa
- Frontage N Stapley Dr.
- Type: Investment
ICRE Investment Team within ORION Investment Real estate is proud to exclusively list this multi-tenant retail strip center anchored by ESPORTA FITNESS. This asset is 91% occupied with only (1) vacancy, giving immediate upside through the leaseup of the 2,308 SF of available space. This is a 24,568 square foot multi-tenant free-standing structure built on approximately 2.11 acres in Mesa, Arizona. Below market rents and strong traffic count. Minutes from the US-60 Freeway. National tenants include Subway and GNC Nutrition anchored by ESPORTA FITNESS, Jack in the Box and Circle K on West PAD sites.
About ICRE Investment Team
ICRE Investment Team is an investment team within ORION Investment Real Estate firm. that specializes in office, retail, medical, industrial and investment properties in Phoenix Arizona. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, ICRE Investment Team is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long term growth and success.
- Commercial Farming