1,436 Transactions in 2020

415-525 N Stapley Dr. Mesa, AZ 85203

Sold $3,100,000
Retail
Description

415-525 N Stapley Dr. Mesa Arizona 85203

Retail Sold - Mesa Arizona

  • 415-525 N Stapley Dr. Mesa, AZ 85203
  • NEC of Stapley & University Dr.
  • Sold Price $3,100,000 ($126 PSF)
  • Cap Rate 7.48%
  • NOI $231,880
  • Year Built: 1999/2005
  • Building Size: 24,568 sq. ft.
  • Site Size 2.11 AC
  • Occupancy 85%
  • 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 Group is proud to have represented the Buyer in this acquisition.  This asset was 85% occupied at time of sale  with  only (2) vacancies.  This is a 24,568 square foot multi-tenant free-standing structure built on approximately 2.11 acres in Mesa, Arizona and sold on October 21, 2021 for $3,100,000.    Its excellent location is minutes from the  US-60 Freeway.  National  tenants include Subway and GNC Nutrition. 



BROKER INFORMATION

Michael Douglas
(480) 772-8870
mdouglas@cpiaz.com



 

About ICRE Investment Team

ICRE Investment Team is an investment team within Commercial Properties Inc. 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.

Property Features
  • Retail
Phill Tomlinson
Sales & Leasing Advisor
14803308897
480-330-8897
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