260 S Hibbert — Mesa Industrial Value-Add
Urban-infill industrial and manufacturing facility on 1.9 acres in Mesa
Opportunity teaser
Urban-infill industrial and manufacturing facility positioned for owner use, lease-up, or multi-tenant conversion.
Why it may be interesting
Recent improvements, dock-high and grade-level loading, three-phase power, and access to US-60, Loop 101 and Loop 202.
Risks and open questions
Asset is vacant with full lease-up risk; pro-forma cap rate and NOI are broker assumptions, not in-place income; conversion and capital expenditure costs are unquantified; environmental and zoning diligence required; building condition dates to 1959.
Key figures
- Price
- $11M
- NOI
- $1.01M
- Cap rate
- 6.00%
- Occupancy
- 0.0%
- Square feet
- 71,272
- Asset class
- Industrial / Flex
- Geography
- Mesa, Arizona
Disclosure
Curated from a public commercial-property listing. Financial, occupancy and property information is broker or owner supplied and has not been independently verified. Merge & Acquire does not represent the owner, broker or marketplace for this opportunity.