URBAN INFILL | ±72,780 SF INDUSTRIAL 260 S Hibbert St
72,780 SF Industrial Building Mesa, AZ 85210 £9,536,040 (£131/SF)
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INVESTMENT HIGHLIGHTS
- Prime Urban Infill Location: Nestled near ASU and the Broadway Corridor, this site benefits from adjacent high-value redevelopment activity and robust
- Value Creation Opportunity: Delivered vacant for white-boxing, unlocking long-term tenant opportunities at premium rents.
- Infrastructure: Featuring multiple loading docks, superior power infrastructure, and 30 parking spaces, the property is highly flexible for diverse in
- Proforma Values: The repositioning and placement of a new lease could yield a future NOI of $1,011,920.
EXECUTIVE SUMMARY
The property will be delivered vacant, offering a compelling value-add opportunity through repositioning and leasing at market rents of $13–$15/SF NNN. With an attractive acquisition basis of $164 per square foot, this project is strategically positioned to capitalize on strong tenant demand and the scarcity of comparable inventory in the urban core. By securing a new tenant and executing the necessary repositioning, a sophisticated investor can unlock substantial value and achieve attractive, high-IRR returns within a shorter timeframe of 6–18 months through this highly marketable industrial redevelopment.
PROPERTY FACTS
Price | £9,536,040 |
Price Per SF | £131 |
Sale Type | Investment or Owner User |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | C |
Lot Size | 3.18 AC |
Rentable Building Area | 72,780 SF |
Number of Floors | 1 |
Year Built | 1959 |
Tenancy | Single |
Clear Ceiling Height | 20 ft |
No. Dock-High Doors/Loading | 3 |
Level Access Doors | 1 |
Opportunity Zone |
Yes |
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Retailer
- -
- -
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Lorem Ipsum
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Jan 0000
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TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Retailer | - | - | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
The free-standing manufacturing and distribution facility comprises ±72,780 square feet of space, 3 external docks, 15' - 25' clear heights and 3 external levelators. The property sits on approximately ±1.90 acres of land and is located within downtown Mesa. Notably, this structure is suitable for cold storage and approximately 60% of the building is temperature controlled and insulated.
Space | Size | Space Use | Condition | Available |
1st Floor | 20,000-72,780 SF | Industrial | Full Build-Out | Now |
1st Floor
Size |
20,000-72,780 SF |
Space Use |
Industrial |
Condition |
Full Build-Out |
Available |
Now |
PROPERTY TAXES
Parcel Number | 138-48-027B | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £303,793 |
ZONING
Zoning Code | DB-2 (Distribution Building) |