260 S Hibbert St - Warehouse FOR SALE


Mesa, AZ 85210- Downtown Mesa
$8,995,000 USD
424-238-6539
260 S Hibbert St, Mesa, AZ for Sale
$8,995,000 USD
Warehouse - FOR SALE
1/26
null | Request Cap Rate

260 S Hibbert St
Mesa, AZ 85210
Downtown Mesa


HIGHLIGHTS

  • POWER: The subject site offers both 1000A, 120/240V, 3-Phase, 4-Wire Open Delta Service & 3300A, 120/208V, 3-Phase, 4-Wire Service.
  • LOADING: 3 external docks, 3 levelators, and 2 grade- level doors provide versatile loading options for various operational needs. Heavy-duty HVLS war
  • TOP 5 MARKET: The Phoenix-Mesa MSA ranks as a top 5 industrial market nationally, with exceptional stability through low vacancy rates
  • HIGHWAY ACCESS: Easy access to major highways including US-60, Loop 101, and Loop 202, facilitating efficient transportation and logistics.
  • CLIMATE CONTROL: 60% of building is temperature controlled with insulation suitable for cold storage

OVERVIEW

$2.9M PRICE IMPROVEMENT | $11.85M NOW $8.995M | PRICED TO SELL | HIGH VALUE-ADD | 60% LEASES IN HAND OR OWNER-USER | PRIME 1031 71,272 SF PHNX INDUSTRIAL | 4,300 AMP POWER | URBAN INFILL | RENOVATED | BELOW REPLACEMENT COST We just reduced cut 260 S. Hibbert by $2.9M to $8.995M. With roughly 60% of the building covered by leases in hand, or the ability to take the full asset for an owner-user, this is now a very compelling Phoenix industrial value-add and 1031 opportunity.PHNX INDUSTRIAL VALUE-ADD / OWNER-USER w/ UPSIDE | 29% PRICE IMPROVEMENT | NOW $9.0M FROM $11.75M! OFFERING SUMMARY DWG Capital Group, as exclusive advisor, is pleased to present 260 S. Hibbert, Mesa, Arizona, a 71,272 SF tilt-wall industrial asset located in one of the fastest-growing submarkets of the Phoenix MSA. The property sits within a highly active urban infill corridor surrounded by new development, with extremely limited industrial inventory in the 50,000–150,000 SF range. The asset can be positioned for either an owner-user or value-add investor, with flexibility around existing lease execution. The site may be delivered vacant or with two leases in hand, including spaces of approximately 12,000 SF and 24,000 SF, with approximately 30,000 SF of prime remaining availability. VALUE-ADD / OWNER-USER UPSIDE The property offers a compelling opportunity to acquire a well-located Phoenix industrial asset at a materially reduced basis and capture upside through lease-up, owner-user occupancy, or small-bay repositioning. Current market rents are estimated at: $12–$15/SF NNN for a larger single-tenant configuration $14–$18/SF NNN for a small-bay strategy The combination of scarce urban infill supply, strong tenant demand, functional industrial utility, and a substantially improved basis creates a clear path to value creation. KEY HIGHLIGHTS 71,272 SF industrial asset Now offered at $9.0 million 29% price improvement from $12.75 million Phoenix MSA urban infill location Owner-user or value-add investor opportunity Potential leases already in hand Approximately 30,000 SF of remaining lease-up upside Strong small-bay rent potential Limited competing inventory 6–18 month stabilization and repositioning opportunity Meaningful embedded upside at current basis For a sophisticated buyer, 260 S. Hibbert offers the ability to acquire a highly marketable industrial asset at a discounted basis, complete the lease-up or occupy the property directly, and unlock substantial value through stabilization in one of the strongest industrial growth markets in the Southwest.

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

PHNX INDUSTRIAL HIGH VALUE-ADD OR OWNER USER

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Refrigeration/Cold Storage, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

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
424-238-6539

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Judd DunningDWG CAPITAL GROUP ( Formerly NGKF/ARA)More Info
424-238-6539

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