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1945 S Val Vista Drive - Val Vista Gateway Center, Mesa, AZ

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1945 S Val Vista Drive - Val Vista Gateway Center

Mesa, AZ 85206 - Superstition Corridor Submarket

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Property Type:Office Sub Type:- Status:Proposed, breaks ground January 2019 Year Built:2020
Stories:2 Typical Floor:20,000 SF Building Size:40,000 SF
For Sale Price:$7,200,000 Price/SF:$180.00
Cap Rate:-

This offi ce development lies within a mixed use project consisting of eleven (11) acres, zoned commercial, which surrounds an existing Mobil gas station, and restaurant at the North East corner of Val Vista and Baseline in Mesa, Arizona. Located across from the prestigious Val Vista Lakes waterfront community, the intersection and the Val Vista Drive corridor has benefi ted greatly from this proximity. Directly South of the project is a shopping center anchored by Fry's supermarket. Directly West of the project, Triple Five Development developed the mixed use 60-acre Dana Park Village which is currently anchored by Barnes and Noble and an AJ's Fine Foods. The Val Vista and Baseline intersection is considered the center point for the booming East Valley offi ce condominium corridor, stretching east from Stapley Road to Power Road. Finally, the property is served by a full diamond on and off ramp on the Superstition Freeway (Hwy. 60) at Val Vista Drive just 300 yards to the North.

The development opportunity presented here consists of a two story offi ce building not to exceed 50,000 gross square feet for standard offi ce space. For Medical uses, it is parked suffi ciently to accommodate 40,000 square feet. This office complex shares an elaborate waterscaped patio, containing a dramatic stainless steel wind driven animated sculpture. The retail component of the project has Starbucks Coffee, Verizon Wireless, The Good Egg Restaurant, Jersey Mikes Subs, Dry Cleaning and other retail amenities. Consistent with the design theme of the entire development project, the buildings are of concrete tilt up construction, with interior; elevators, hallways, and restrooms. Additionally, available exterior signage is augmented by access to three monument signs located on both Val Vista Drive and Baseline Road.

Sale Notes:
The site consists of 4.72 acres of C-G zoned land, ready to be developed. The surrounding project includes fully constructed retail, restaurant, and office buildings. The site has the potential to accommodate 50,000 SF of general office space or 40,000 SF of medical office space. The potential build to suite project shares the design theme of the entire development project: concrete tilt up construction, contemporary mental awnings, large window walls, and stone accents. The site shares a lush oasis style courtyard with the adjacent two-story office building.

Just off the US 60, the site is located near Mesa' s most desirable and active intersections. It is within walking distance to various dining and retail amenities as well as large residential communities. Nearby Dana Park Village Square and Val Vista Center Gateway include high end establishments including Trader Joe' s, AJ' s Fine Foods, Paradise bakery, Ra Sushi Bar, Pei Wei Asian Diner, Starbucks, and California Pizza Kitchen

Colliers International
Philip Wurth
(480) 655-3310

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