Centrica

Off-Market

1550 West Southern Avenue, Mesa, AZ 85202

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 116,982 SF
  • Lot Size 8.99 Acre
  • Parking Spaces Avail. 699
  • Parking Ratio 5.98 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 2015

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Date 29 Jul, 2016
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Mesa

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Mesa Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $25.51
  • 2022 Office Vacancy Rate 14.26%
  • 2022 Office Completions (SF) 274,349

Mesa Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $144.53
  • Y-o-Y Avg. PpSF Change -6.85%
  • 2022 Office Sales Volume $34M
  • 2022 Number of Transactions 8
View more Mesa market trends

Location

Getting Around

  • Walk Score ®

    69/100 Somewhat Walkable
  • Transit Score ®

    39/100 Some Transit
  • Bike Score ®

    71/100 Very Bikeable
Powered by Walk Score ®
  • City Mesa, AZ
  • Neighborhood Powell Estates
  • Zip Code 85202
  • Market Phoenix

Points of Interest

  • Sycamore/ Main St

    1.46 miles

  • American Liberty Transportation

    1.53 miles

  • Alma School/ Main St

    1.54 miles

  • Price-101 Fwy/ Apache Blvd

    1.93 miles

  • Mesa Railroad Station

    1.94 miles

  • Country Club/ Main St

    2.10 miles

  • Center/ Main St

    2.48 miles

  • Smith-Martin/ Apache Blvd

    2.48 miles

  • McClintock/ Apache Blvd

    2.84 miles

  • Mesa Dr/ Main St

    2.88 miles

  • Blink

    0.30 miles

  • The Mesa Tower

    0.55 miles

  • Circle K

    0.57 miles

  • Tesla Supercharger

    0.81 miles

  • Shell

    1.00 miles

  • In The Zone X

    1.04 miles

  • Shell

    1.05 miles

  • Arco

    1.11 miles

  • QuikTrip

    1.13 miles

  • Chevron

    1.15 miles

  • East Parking Lot

    0.32 miles

  • Visitor Parking

    0.35 miles

  • East Parking Lot

    0.38 miles

  • Employee Parking Lot B

    0.40 miles

  • Southeast Parking Lot

    0.49 miles

  • Northwest Parking Lot

    0.50 miles

  • South Parking Lot

    0.58 miles

  • Employee Parking

    0.59 miles

  • Purple 3

    0.61 miles

  • Southwest Parking Lot

    0.63 miles

  • Courtyard Phoenix Mesa

    0.79 miles

  • La Quinta Inn & Suites - Phoenix Mesa West

    0.80 miles

  • DoubleTree - Phoenix Mesa

    0.83 miles

  • Residence Inn - Phoenix Mesa

    0.83 miles

  • GreenTree Inn & Suites - Phoenix Mesa

    0.84 miles

  • Extended Stay America

    0.94 miles

  • Ramada Mesa Phoenix East Area

    0.95 miles

  • Hawthorn Suites

    1.42 miles

  • American Inn & Suites

    1.46 miles

  • Rawls Motel

    1.50 miles

  • Philly Steak & Wings

    0.14 miles

  • McDonald's

    0.14 miles

  • The Buffalo Spot

    0.16 miles

  • Carl's Jr.

    0.17 miles

  • Cheba Hut

    0.17 miles

  • Drizzle Donut

    0.18 miles

  • Golden Hawaiian BBQ

    0.19 miles

  • Meño’s Place Taco Shop

    0.20 miles

  • Jimmy John's

    0.21 miles

  • Señor Sushi

    0.22 miles

  • Mesa Community College

    0.40 miles

  • Pima Medical Institute

    0.51 miles

  • Adams Elementary School

    0.52 miles

  • Carrington College

    0.67 miles

  • Ida Redbird Elementary School

    0.92 miles

  • Crossroads Success School

    0.94 miles

  • Rhodes Junior High School

    1.01 miles

  • Guerrero Elementary School

    1.05 miles

  • Roosevelt Elementary School

    1.06 miles

  • Washington Elementary School

    1.15 miles

  • Kids Play Learning Center

    0.16 miles

  • Kids Haven Childcare & Preschool

    0.51 miles

  • Beautiful Oasis Childcare

    0.71 miles

  • Sunrise Preschools

    1.14 miles

  • Munchkin's Place

    1.31 miles

  • Calvary Christian Preschool & Daycare

    1.38 miles

  • Best Friends Preschool

    1.87 miles

  • Valley Child Care & Learning Center

    1.96 miles

  • Sunrise Preschools

    2.01 miles

  • Tiny Tots West

    2.08 miles

Frequently Asked Questions

What is the total square footage of Centrica?

Centrica totals 116,982 square feet.

When was Centrica last sold?

Centrica was last sold on 29 Jul, 2016.

What is the property tax for Centrica?

The property tax for Centrica in 2022 was $244,825.

What is the market value for Centrica?

The market value* for Centrica in 2022 was $13,743,800.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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