340 W UNIVERSITY Drive 1, Mesa, AZ 85201 (MLS# 6887330)

Contract Info

Ownership: Fee Simple Current Price: $4,200,000 List Price: $4,200,000 Status: Active List Date: 2025-06-02

Location, Tax & Legal

Unit #: 1 Building Number: 1 Assessor's Map #: 27 Legal Description (Abbrev): MESA BLK 123 PT DAF BAP 214F M/L N & 33F E OF SW COR SEC 15 1N 5E TH N 103F TH E 310.2F TH S 103F Assessor's Parcel #: 74 Add'l Parcels: Yes Tax Municipality: Mesa Census Tract: 421001 Taxes: 34761 Legal: MESA BLK 123 PT DAF BAP 214F M/L N & 33F E OF SW COR SEC 15 1N 5E TH N 103F TH E 310.2F TH S 103F House Number: 340 Compass: W Street Name: UNIVERSITY St Suffix: Drive City/Town Code: Mesa State/Province: AZ Zip Code: 85201 Zip4: 5824 County Code: Maricopa Subdivision: MESA ARIZONA Assessor Number: 137-27-074 Tax Year: 2024

General Property Description

Type of Property: retail office Ttl Apx SqFt Bldg: 34822 # of Buildings: 9 Uncvrd Parking Spcs: 80 Flood Zone: No Volts/Amps: varies Year Built: 1974 Zoning: DB-1 LC

Construction

Block: 1 Stucco: 1

Roofing

Foam: 1

Floors

Concrete: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Other Income: 5979 Vacancy Allowance: 5 Adjusted Gross Inc: 1708732

Building Type

Commercial: 1 Office: 1

Business Type

Barber/Beauty: 1 Religious Facility: 1 Restaurant: 1 Professional/Office: 1 Retail: 1 Food Service: 1 Bar/Tavern/Lounge: 1

Pmt & Rate Info

Cap Rate: 6.61 Equity: 4200000 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

None: 1

Ceiling Height

8 Feet or Less: 1

Heating

See Remarks: 1

Cooling

See Remarks: 1

Loading Facilities

None: 1

Source of Fincl Data

Projected Proforma: 1

Fencing

None: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Parking Lot: 1

Electric

City Electric: 1 Other (See Remarks): 1

Gas

None: 1

New Financing

Cash Only: 1

Reports/Disclosures

ALTA Survey Availbl: 1

Environmental

None: 1

Contact Info

List Agent Home Phn: 602-667-3492 List Agent Hme Phn 2: 602-828-1755

Remarks Misc

Cross Street: NEC University Drive and Country Club Directions: hard corner multiple driveways on University Dr and Country Club Geo Lat: 33.422718 Geo Lon: -111.839097

Income Expenses

Gross Annual Sch Inc: 421204 Net Operating Income: 277482

Property Features

Building Type: Commercial; Office Business Type: Barber/Beauty; Religious Facility; Restaurant; Professional/Office; Retail; Food Service; Bar/Tavern/Lounge Construction: Block; Stucco Roofing: Foam Floors: Concrete Ceiling Height: 8 Feet or Less Heating: See Remarks Cooling: See Remarks Loading Facilities: None Fencing: None Parking Features: Parking Lot Electric: City Electric; Other (See Remarks) Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only Lockbox Type: None Source of Fincl Data: Projected Proforma Environmental: None