URBAN INFILL | ±72,780 SF INDUSTRIAL 260 S Hibbert St

72,780 SF Industrial Building Mesa, AZ 85210 £9,536,040 (£131/SF)

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

DWG Capital Group, as the exclusive advisor, is pleased to present a new off-market acquisition opportunity: 260 S. Hibbert, Mesa, Arizona. This 72,780-square-foot tilt-wall industrial asset is situated in one of the fastest-growing submarkets of the Phoenix MSA. The Mesa area is burgeoning with development, surrounded by new projects, and features nearly non-existent urban infill inventory for industrial spaces between 50,000-150,000 square feet.
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
  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

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TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Lorem Ipsum Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 20,000-72,780 SF
  • Industrial
  • Full Build-Out
  • Now

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
Bike Score®
Very Bikeable (84)

PROPERTY TAXES

ZONING

Zoning Code DB-2 (Distribution Building)
  • Listing ID: 34862712

  • Date on Market: 18/02/2025

  • Last Updated:

  • Address: 260 S Hibbert St, Mesa, AZ 85210