Description

Centrica is a 116,982-square-foot single-story office property located at 1520–1550 W Southern Ave in Mesa, Arizona. Positioned on a 9.10-acre site, the property was built in 1985 and underwent renovations in 2015, offering modernized infrastructure and amenities. The asset features a generous parking ratio of 6 spaces per 1,000 square feet, ensuring convenience for future occupants.

Currently 100% vacant, Centrica provides an opportunity for investors to capitalize on full lease-up potential in a strong Mesa submarket. Strategically located in Mesa, a growing hub within the Phoenix MSA, Centrica benefits from proximity to key transportation corridors, retail centers, and a dynamic labor pool.

The property's vacant status allows investors to implement bespoke leasing strategies, potentially capturing higher market rents and driving NOI growth. Mesa's office market fundamentals and favorable demand drivers further enhance the investment outlook for stabilization and long-term returns. With no current pricing set, Centrica represents a flexible entry point for institutional investors seeking value-add opportunities in an established commercial corridor.