1423 S HIGLEY Road 125, Mesa, AZ 85206
$1,000,000
Property Type:
Comm/Industry Sale
Square Footage:
3,600
Lot Size (sq. ft.):
3,600
Status:
Closed
Current Price:
$1,000,000
List Date:
7/15/2024
Last Modified:
2/02/2026
Description
Investment or Owner/User with Rental Income Office Condo in Thriving East Mesa, Arizona. Discover the perfect blend of space, convenience, and modernity with this exceptional 3600 sqft office condo Ideally situated on high traffic count Higley Rd and the E 60 Hwy. Recently updated and meticulously maintained, this property offers a pristine environment for your business operations. Versatile office space, currently 10 executive office suites with 2 Vacant and 3 MTM Ready for Owner/User. Reception area, Kitchen and Multiple Restrooms. Thoughtfully designed floor plan to accommodate various office configurations, suitable for a wide range of professional endeavors. All facts and figures approximate, Buyer to verify all facts and figures to their satisfaction.
More Information MLS# 6731542
Contract Info
Ownership: Fee Simple
Current Price: $1,000,000
Sold Price: $1,000,000
Status: Closed
List Date: 2024-07-15
Location, Tax & Legal
Unit #: 125
Assessor's Map #: 53
Legal Description (Abbrev): LOT 1003 ENTRADA EXECUTIVE OFFICE CONDOMINIUM MCR 054925
Assessor's Parcel #: 707
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 422638
Taxes: 3665
Legal: LOT 1003 ENTRADA EXECUTIVE OFFICE CONDOMINIUM MCR 054925
House Number: 1423
Compass: S
Street Name: HIGLEY
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85206
Zip4: 3450
County Code: Maricopa
Subdivision: ENTRADA EXECUTIVE OFFICE CONDOMINIUM
Assessor Number: 141-53-707
Tax Year: 2023
General Property Description
Type of Property: Office
Ttl Apx SqFt Bldg: 3600
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 30 X 51
Year Built: 2000
Zoning: C-O
Legal Info
Range: 6E
Section: 35
Township: 1N
Lot Number: 1003
Construction
Metal: 1
Wood Frame: 1
Roofing
Tile: 1
Floors
Ceramic Tile: 1
Income & Expenses
Annual Elec Exp: 4188
Annual Ins Exp: 1788
Owner Association: Yes
Annual Ownr Asoc Fee: 8016
Annual Other Expense: 3564
Operating Exp: 21221
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 72600
Building Type
Office: 1
Business Type
Professional/Office: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 3.97
Equity: 1200000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Fire Sprinklers: 1
Smoke Detector(s): 1
Private Restrooms: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Sidewalk(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
35,001 to 50,000: 1
Fencing
See Remarks: 1
Water Source
City Franchise: 1
Freeway/Highway
Other (See Remarks): 1
Building Features
Reception Room: 1
Kitchen: 1
Sewer
Sewer - Public: 1
Railroad
Other (See Remarks): 1
Parking Features
Parking Lot: 1
Private: 1
Electric
SRP: 1
Master Meter: 1
Gas
Other (See Remarks): 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Use Restrictions
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Conventional
Loan Years: 10
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 5000
Seller Concession $/%: $
Remarks Misc
Cross Street: HWY 60 and Higley
Directions: Eastbound 60 to Higley, North on Higley, Building is 300 yards on East side of Street.
Geo Lat: 33.389587
Geo Lon: -111.718999
Status Change Info
Off Market Date: 2025-03-18
Under Contract Date: 2024-12-31
Close of Escrow Date: 2025-03-18
Sold Price: $1,000,000
Income Expenses
Gross Annual Sch Inc: 72600
Net Operating Income: 47616
Property Features
Building Type: Office
Business Type: Professional/Office
Stories: 1 Story
Construction: Metal; Wood Frame
Roofing: Tile
Floors: Ceramic Tile
Ceiling Height: 10.1 Feet to 12 Feet
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Private Restrooms
Exterior: Corner Lot; Sidewalk(s)
Fencing: See Remarks
Building Features: Reception Room; Kitchen
Parking Features: Parking Lot; Private
Electric: SRP; Master Meter
Gas: Other (See Remarks)
Water Source: City Franchise
Sewer: Sewer - Public
Railroad: Other (See Remarks)
New Financing: Other (See Remarks)
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: Other (See Rmks)
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Traffic Count: 35,001 to 50,000
Use Restrictions: Other (See Remarks)
Environmental: Other (See Remarks)
Documents
Expenses ›
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: February - 02 - 2026
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