Retail Space on Main Street

1616 E Main St Mesa, AZ 85203

1616 E Main St, Mesa, AZ, 85203
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FOR LEASE
Property Type:
Strip Center
Amount:
Please Call Broker for Price

Last Verified:
Jul 21, 2022

Highlights

  • ** Building provides:
  • 1. High-speed, fiber-optic shared 100 Mbps symmetrical internet service with private password protect VLAN
  • 2. Mailbox
  • 3. Water, Sewage and Trash
  • **Tenant pays for:
  • Suite electric, Suite maintenance and Repair

Description

Small retail or office space in large Strip Center
** Tenant Requirements before move-in:**
** 1. Completed Credit and Background information Form and Lessor Approval
** 2. Copy of State or Federal ID
** 3. Provide proof of General Liability Insurance policy naming :Cattaruzzi Investments LLC" as "Additional Insured" with coverage at $2 million overall / $1 million per occurrence
** 4. Fully executed Standard Multi-Tenant Office Center - Gross Lease Agreement
**5. Payment in full of all move-in costs

Phoenix location characteristics
Subject Property Location
The subject property is located at 1616 E Main Street in the City of Mesa, Maricopa County, Arizona. The subject property is East of the City Center and is a very good location with respect to commercial services, thoroughfares, public transportation and community services. Appeal of the area is very good and in redevelopment in terms of retail, commercial and residential use. The subject benefits from busy commuter and local traffic along Main Street. The area is anticipated to experience growth in the foreseeable future due to its location on the light rail extension. Cities along the light rail are now allowing new ‘Walkable Urban’ zoning, which generally allows up to 5 stories in new construction along the light rail corridor. St. Benedictine, Wilkes Universities are located in the downtown area. ASU (Arizona State University) is discussing a new campus in the City Center.

Metro Phoenix Location
The Metro Phoenix area is among the fastest-growing metropolitan areas in the country with an estimated 4.3 million residents. Phoenix is the 6th largest city in the United States and is the financial, commercial cultural, entertainment and government center of Arizona. It has an accessible location, excellent lifestyle amenities, a pro-business Governor with a growing business and entrepreneurial climate. The area has a predictable 320+ days of sunshine each year with mild winter temps and summer months of dry heat. Phoenix is the epicenter of the Southwest and proves to be particularly desirable to aerospace, nanotechnology, bioscience, advanced business services, high-tech and healthcare. Phoenix is home to major sports franchises: Arizona Diamondback baseball, Phoenix SUNS basketball, and Arizona Cardinals football and Arizona Coyotes hockey.


Year Built: 1986
Building Size: 31681sq ft
Lot Size: 1.2 acres

Units for Lease

Suite 105
Space Available: 441 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $725.00
Suite 108
Space Available: 455 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $675.00
Suite 111
Space Available: 1131 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $1250.00
Suite 205
Space Available: 481 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $575.00
Suite 224
Space Available: 659 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $675.00
Suite 214
Space Available: 512 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $725.00

Map of 1616 E Main St, Mesa, AZ, 85203

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.