NOT LISTED FOR SALE

7254 E Southern Ave Mesa, AZ 85209

Central Mesa East Neighborhood

Estimated Value: $3,272,918

Studio
-- Bath
15,249 Sq Ft
$215/Sq Ft Est. Value

Sale Details

Date Sold: December 20, 2019

Last sale price $2,200,000 $144 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $19,684 / mo

36 Days on Market

About This Home

As of December 2019

• 100% Occupied, Multi-Tenant Professional Office Investment Opportunity
• Cap Rate: 6.50%
• 11 Office Suites
• Rents: Modified Gross (Tenants pay Electric & Janitorial)
• Well-Maintained Garden Courtyard Building
• Common Area Restrooms & Packaged HVAC Units
• Monument Signage Available with Frontage on Southern Ave
• Near Superstition Springs Center
• Convenient Freeway Access - 1 Mile North of the US-60 & Easy Access to Loop 202

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 09/04/2019

Last Buyer's Agent

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 09/04/2019

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $24,833

Year Built

  • Built in 2000

Lot Details

  • 1.56 Acre Lot
  • Property is zoned LC

Home Design

  • 15,249 Sq Ft Home
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 52 Open Parking Spaces
  • 67 Parking Spaces
  • 15 Covered Spaces
  • Paved Parking

Community Details

  • Net Operating Income $150,780

Listing and Financial Details

  • Assessor Parcel Number 218-64-642-A

Property Details

Property Type

Other

Est. Annual Taxes

$24,833

Year Built

Built in 2000

Lot Details

1.56 Acres

Listing Details

  • Cross Street: E Southern Ave & S 72nd St
  • Legal Info Range: 7E
  • Property Type: Comm/Industry Sale
  • Zoning: LC
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 2000
  • Tax Year: 2019
  • Lot Size Acres: 1.56
  • Structure Type: Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 15249.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: Other (See Remarks)
  • Construction Type: Frame - Wood, Stucco
  • Roof: Tile
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 15.0
  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 52.0
  • Total Parking Spaces: 67.0
  • General Property Description:Covered Parking Spcs: 15.0
  • General Property Description:Uncvrd Parking Spcs: 52.0
  • General Property Description:Total Parking Spcs: 67.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 67954.0
  • Parcel #: 218-64-642-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 150780.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 24833.0
  • Tax Book Number: 218.00
  • Tax Lot: 0
  • Tax Map Number: 64.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2026
Sold by
Bought by
Current Estimated Value
$3,272,918

Purchase Details

Closed on
Dec 3, 2025
Sold by
Bought by

Purchase Details

Listed on
Sep 4, 2019
Closed on
Dec 19, 2019
Sold by
Bought by
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
List Price
$2,319,697
Sold Price
$2,200,000
Premium/Discount to List
-$119,697
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$1,650,000
Interest Rate
0.036%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
0.0405%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 1999
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$3,200,812 Clear Title Agency Of Arizona
$2,200,000 Commonwealth Title
$2,020,000 Chicago Title Agency Inc
$389,850 Fidelity Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,650,000
Previous Owner $1,225,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/20/2019 12/20/19 Sold $2,200,000 -5.2% $144 / Sq Ft
10/10/2019 10/10/19 Pending -- -- --
09/04/2019 09/04/19 For Sale $2,319,697 -- $152 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $24,070 $243,745
2024 $25,650 $239,392
2023 $25,650 $475,507 $155,652 $319,855
2022 $25,855 $447,791 $132,108 $315,683
2021 $26,925 $423,540 $150,174 $273,366
2020 $26,576 $304,776 $134,802 $169,974
2019 $24,833 $296,424 $102,132 $194,292
2018 $23,836 $300,294 $107,244 $193,050
2017 $23,128 $292,374 $99,306 $193,068
2016 $23,084 $180,468 $88,668 $91,800
2015 $36,372 $301,329 $76,609 $224,720
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Tanner Milne

    The Menlo Group Commercial Real Estate

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5973770

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-64-642A

Arizona Maricopa County Mesa 85209 Central Mesa East

7254 E Southern Ave, Mesa, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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