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40 W Brown Road , #109

Mesa, AZ 85201
  • $1,400,000
  • STATUS: Active Under Contract
  • MLS #: 6528427
Under Contract
UPDATED: 15 min ago
$1,400,000
  • 0
    BEDS
  • 0.71
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,635
    SQFT
  • $145
    $/SQFT
Type:
Commercial
Built:
1983
County:
Area:

School Ratings & Info

Description

ORION is pleased to offer 40 West Brown, a multi-tenant office building located near the heart of downtown Mesa and the nearby redevelopment. Current ownership is the original developer from 1983. Pride of ownership is evident from the well maintained grounds and long-term tenants. This office is unique with spacious, vaulted ceilings, plenty of foliage, and room for expansion on adjacent land. This is an opportunity to own a well built masonry construction office building with vast upside. Significant value can be added through interior renovations, increased rents, and conversion to NNN leases.

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Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than A.Z. & Associates Real Estate Group. Data last updated 2023-05-29T15:15:18.207.
www.soldbytlt.com/homes/137494069
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40 W Brown Road , #109 Mesa, AZ 85201

  • Price: $1,400,000
  • Status: Active Under Contract
  • On Site: Days
  • Updated: 15 min ago
  • MLS #: 6528427
0
Beds
0
Baths
0
½ Baths
0.71
Acres
9,635
SQFT
$145
$/SQFT
1983
Built
County:
Maricopa
Area:
Mesa
Property Description
ORION is pleased to offer 40 West Brown, a multi-tenant office building located near the heart of downtown Mesa and the nearby redevelopment. Current ownership is the original developer from 1983. Pride of ownership is evident from the well maintained grounds and long-term tenants. This office is unique with spacious, vaulted ceilings, plenty of foliage, and room for expansion on adjacent land. This is an opportunity to own a well built masonry construction office building with vast upside. Significant value can be added through interior renovations, increased rents, and conversion to NNN leases.
Exterior Features

Construction Frame - Wood Covered Parking Spaces 6.00 Exterior Features Monument Sign Fencing None Parking FreePaved ParkingPublic Parking Roofing Comp Shingle Stories 2 Stories Total Parking Spaces 9.00 Uncovered Parking Spaces 3.00

Interior Features

Amenities BasementKitchen Ceiling Height 10.1 Feet To 12 Feet8.1 Feet To 10 Feet Cooling Central A/C Flooring CarpetCeramic TileVinyl Heating Electric Interior Features FinishedPublic Restrooms

Property Features

Adjusted Gross Inc 103020.85 Annual Elec Exp 2760.00 Annual Trash Exp 1284.00 Annual Wtr Swr Exp 4380.00 Building Type Office Current Use Office Electric Srp Gas None Gross Annual Sch Inc 108443.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number F Net Operating Income 88881.80 Other Income 0.00 Ownership Fee Simple Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 11158.00 UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.05 Water City Franchise Zoning Oc

Arizona Regional MLS logo Listing provided by Orion Investment Real Estate: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than A.Z. & Associates Real Estate Group. Data last updated 2023-05-29T15:15:18.207.
 
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A.Z. & Associates Real Estate Group
10320 W McDowell Rd, Ste J1033
Avondale AZ, 85392