415-525 N Stapley Dr. Mesa, AZ 85203
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 Team 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.
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.