260 S Hibbert St - Warehouse FOR SALE


Mesa, AZ 85210- Downtown Mesa
$10,000,000 USD
310-261-8428
260 S Hibbert St, Mesa, AZ for Sale
$10,000,000 USD
Warehouse - FOR SALE
1/19
null | Request Cap Rate

NEW


260 S Hibbert St
Mesa, AZ 85210
Downtown Mesa


HIGHLIGHTS

  • VERSATILE INDUSTRIAL SPACE: ±71,272 SF facility suitable for manufacturing, distribution, and technology operations
  • CLIMATE CONTROL CAPABILITIES: 60% of building is temperature controlled with insulation suitable for cold storage
  • EFFICIENT LOADING OPERATIONS: 3 external docks, 3 levelators, and 2 drive-in door for optimal logistics handling
  • PRIME URBAN LOCATION: Situated on 1.90 acres in downtown Mesa with excellent transportation access

OVERVIEW

DWG Capital Group, as the exclusive advisor, is pleased to present a new off-market acquisition opportunity: 260 S. Hibbert, Mesa, Arizona. This 71,272-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 for a single tenant, or $15-$19 for a small bay conversion. With an attractive acquisition basis of $140 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.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

7

DRIVE INS

3

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.84

LAND SF

80,150

ZONING

DB-2

APN/PARCEL ID

138-48-027B

ASK ABOUT THIS PROPERTY

Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

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Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
310-261-8428

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.