1423 S HIGLEY Road 125, Mesa, AZ 85206 (MLS# 6731542)

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

Overview

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.

Listing Details MLS# 6731542

Location, Tax & Legal

House Number: 1423
Compass: S
Street Name: HIGLEY
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85206
Zip4: 3450
Country: US
County Code: Maricopa
Subdivision: ENTRADA EXECUTIVE OFFICE CONDOMINIUM
Assessor Number: 141-53-707
Tax Year: 2023
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

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Office
Ttl Apx SqFt Bldg: 3600
# of Buildings: Yes
Lot Size Dimensions: 30 X 51
Year Built: 2000
Uncvrd Parking Spcs: 8
Zoning: C-O

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.

Status Change Info

Off Market Date: 2025-03-18
Under Contract Date: 2024-12-31
Close of Escrow Date: 2025-03-18

Legal Info

Township: 1N
Range: 6E
Section: 35
Lot Number: 1003

More Information

Income Expenses

Gross Annual Sch Inc: 72600
Net Operating Income: 47616

Showing Notification Methods

Showing Service: Aligned Showings

Sold Info

Loan Type: Conventional
Loan Years: 10
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 5000
Seller Concession $/%: $
Buyer Concession to Seller: 0

Construction

Metal: Yes
Wood Frame: Yes

Roofing

Tile: Yes

Floors

Ceramic Tile: Yes

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: Yes

Business Type

Professional/Office: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Cap Rate: 3.97
Equity: 1200000
Total Owed: 0

Lockbox Type

None: Yes

Ceiling Height

10.1 Feet to 12 Feet: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes
Private Restrooms: Yes

Loading Facilities

None: Yes

Road Surface Type

Asphalt: Yes

Exterior

Corner Lot: Yes
Sidewalk(s): Yes

Source of Fincl Data

Owner: Yes

Traffic Count

35,001 to 50,000: Yes

Fencing

See Remarks: Yes

Water Source

City Franchise: Yes

Freeway/Highway

Other (See Remarks): Yes

Building Features

Reception Room: Yes
Kitchen: Yes

Sewer

Sewer - Public: Yes

Railroad

Other (See Remarks): Yes

Parking Features

Parking Lot: Yes
Private: Yes

Electric

SRP: Yes
Master Meter: Yes

Gas

Other (See Remarks): Yes

New Financing

Other (See Remarks): Yes

Existing 1st Loan

Other (See Rmks): Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): Yes

Use Restrictions

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Other (See Remarks): Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

Other (See Remarks): Yes

Existing Othr Ln Trm

Not Applicable: Yes

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