

Listed by The Menlo Group Commercial Real Estate LLC
$1,750,000
555 University
Details
APN 135-59-016
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 6,402
Units 6
Cap Rate 2.09%
NOI $36,520
Occupancy 40%
Tenancy Multi
Lease Type Modified
Price per SqFt $273
Class C
Year Built 1985
Buildings 1
Stories 1
Lot Size (SqFt) 24,394
Zoning R-S, Mesa
Investment Type Owner/User
Single Story Free Standing Building Perfect for an Owner/User!
Marketing description
6,402 SF single-story, general office
Multi Tenant built-out office suites
Perfect owner/user opportunity
Leases are month to month
Great Monument Signage on University Ave
Located in downtown Mesa “Opportunity Zone”
Single-story free standing building
Built in 1985, Wood Frame, Tile Roof
Immediate access to SR 87
Close proximity to restaurants, retail and service amenities
Frontage on University Avenue just West of Country Club Drive
ZONING R-S, MESA
SALE PRICE $1,750,000
PRICE PSF $273.35
GROSS INCOME $58,884.00
TOTAL EXPENSES $30,314.49
BUILDING SIZE +/- 6,402 SF
LOT SIZE +/- 24,394 SF
PARKING RATIO 3.23/1,000
Investment highlights
1. Investment & Operational Highlights
- Ultimate Leasing Flexibility: All current leases are month-to-month, making this a "perfect owner/user opportunity" where a buyer can occupy the space immediately or renegotiate terms.
- Strong Cash Flow with Upside: The property currently generates a Gross Income of $74,634.60 with a Net Operating Income (NOI) of $44,320.11. With three vacant suites (Suites 7, 9, and 10), there is significant "value-add" potential to increase revenue.
- High-Demand Asset Class: The building is currently home to healthcare-related tenants like AZ Therapy and Rooted Chiropractic. Medical and healthcare real estate is a top-performing and resilient sector in 2026.
2. Strategic Location & "Opportunity Zone" Benefits
- Downtown Mesa Opportunity Zone: The property is located in a designated Opportunity Zone, which can offer significant tax incentives, including capital gains deferrals and potential tax-free appreciation for long-term investors.
- The "Light Walk" Connectivity: The City of Mesa is developing the "Light Walk," a mile-long landscaped thoroughfare designed to connect University Drive to Main Street. This project will likely increase foot traffic and aesthetic appeal directly adjacent to your property.
- ASU Expansion: Your property is near the ASU Media and Immersive eXperience (MIX) Center and the upcoming ASU Creative Technologies building, which are major drivers of the $230M total capital investment currently flowing into downtown Mesa.
3. Visibility & Accessibility
- Prime Frontage & Signage: The building features Great Monument Signage on University Avenue. With traffic counts of approximately 25,100 vehicles per day, it offers high daily exposure for any business.
- Regional Connectivity: It provides immediate access to SR 87 and is a short drive from major hubs like Arizona State University – Tempe Campus, Phoenix Sky Harbor International Airport (18 mins), and Phoenix-Mesa Gateway Airport (30 mins).
Listing Contacts


Listed by The Menlo Group Commercial Real Estate LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,520.00
$3,043.33/mo
Valuation Metrics
0
DSCR
2.09%
Cap Rate
2.09%
ROI
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