$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.