OfficeMax | 6631 E Southern Ave
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OfficeMax 6631 E Southern Ave
26,705 SF Retail Building Mesa, AZ 85206 £3,329,025 (£125/SF) 6.20% Net Initial Yield
Investment Highlights
- Zero Landlord Obligations
- 4 Renewal Options Remaining
- Great Visibility from Southern Ave
- Long Term Tenant since 1994
- Corporate Guarantee
- 50,000 VPD through Southern Ave and Power Road
Executive Summary
LevRose is pleased to present a premier investment opportunity: a single-tenant, net-leased OfficeMax property located at 6631 E. Southern Avenue, Mesa, AZ 85206. This standout asset features a well-maintained, high-quality retail facility positioned within one of the most vibrant and rapidly growing areas of the Mesa metropolitan region. The property boasts strong visibility and accessibility in a high-traffic commercial corridor, benefiting from proximity to key retail centers and a robust local economy.
Anchored by a long-term lease with OfficeMax, a recognized leader in the office supply industry, this investment offers the security of a stable and predictable income stream backed by a well-established national tenant. The net-lease structure further enhances its appeal by providing minimal landlord responsibilities, ensuring ease of management for investors. This OfficeMax location is poised to deliver consistent performance and long-term value in a market that continues to experience economic growth and retail demand.
Anchored by a long-term lease with OfficeMax, a recognized leader in the office supply industry, this investment offers the security of a stable and predictable income stream backed by a well-established national tenant. The net-lease structure further enhances its appeal by providing minimal landlord responsibilities, ensuring ease of management for investors. This OfficeMax location is poised to deliver consistent performance and long-term value in a market that continues to experience economic growth and retail demand.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
26,705 SF
Building Class
B
Year Built
1994
Price
£3,329,025
Price Per SF
£125
Net Initial Yield
6.20%
NOI
£206,400
Tenancy
Single
Number of Floors
1
Building FAR
0.29
Lot Size
2.08 AC
Zoning
C-G, Mesa - General Commercial
Parking
130 Spaces (5.53 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalised Intersection
Bike Score ®
Very Bikeable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 141-54-035A | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £342,537 |
PROPERTY TAXES
Parcel Number
141-54-035A
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£342,537
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OfficeMax | 6631 E Southern Ave
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