1750 SOUTH MESA DRIVE - LoopNet · ray rd. chandler blvd. 24th st. 32nd st. 48th st. s a lt r iv e...

1750 SOUTH MESA DRIVEMesa, Arizona 85210

OWNER USER OPPORTUNITY

GREGG [email protected]

R. CRAIG COPPOLACCIM, CRE, [email protected]

ANDREW CHENEY CCIM, CRE, [email protected]

2 | 1750 SOUTH MESA DRIVE \ LEE & ASSOCIATES ARIZONA

1750 South Mesa DriveOWNER USER OPPORTUNITY

Contents

Executive Summary ..........................................................................................................................................................................4

Property Overview .............................................................................................................................................................................8

Market Overview ..............................................................................................................................................................................11



ANDREW CHENEY CCIM, CRE, SIOR [email protected]

DEVELOPMENT SITE

Asset ProfileAddress: 1750 S. Mesa Drive Mesa, AZ 85210

Sale of Interest: Fee simple

Zoning: M-1, PAD, City of Mesa

Total Size: 40,980 SF

Site Acreage: ±4.75 Acres

Parking: 126 spaces (7 covered)

Year Completed: 1987

Parcel #: 139-49-010A (part of larger parcel) 139-49-010B

4

EXECUTIVE SUMMARY


Property Highlights• FUTURE DEVELOPMENT OPPORTUNITY

Owner-user sale at 1750 S. Mesa Drive, including the sale of the adjacent vacant ±1.5 acre parcel which is zoned for a building up to ±9,000 square feet. This vacant parcel permits an owner flexibility to address the potential future needs of the existing tenant or develop a building for lease-up. As a result, this offering presents a unique upside development opportunity with timing dictated by the new owner.

• STRATEGIC MESA LOCATION The Property is located on Mesa Drive in Mesa, AZ, a major north/south thoroughfare with direct access to the Superstition Freeway (U.S. 60) less than 200 yards from the Property. Mesa holds the distinction of being the 3rd largest city in Arizona and the 38th largest in the United States. The City of Mesa is strategically positioned for businesses to access and serve the global economy. Smart companies such as Apple, Boeing, Bridgestone, FUJIFILM, Mitsubishi, Ulthera and MD Helicopters all have large operations in Mesa.

EXECUTIVE SUMMARY

5

MAIN ST.

BROADWAY RD.

SOUTHERN AVE.

BASELINE RD.

GUADALUPE RD.

ALM

A S

CH

OO

L R

D.

ME

SA

DR

.

87

GIL

BE

RT

RD

.

60

FIESTA MALL

MESA GRAND

MESA SHORES/TOWNSHIP PLAZA


Floor Plans PROPERTY SUMMARY

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FIRST FLOOR

SECOND FLOOR

FRESENIUS

FRESENIUS

FRESENIUS

FRESENIUS

SUITE 105 3,085 SF

12,228 SF

FRESENIUS

FRESENIUS

TRANSPORTATIONWith three airports within minutes and a rapidly expanding urban freeway system, the Superstition Corridor has an excellent transportation network. The major transportation feature is, of course, the Superstition Freeway (US 60), which provides direct access to Tempe and to Phoenix via Interstate 10. Additionally, the Price Freeway (Loop 101) has increased access to the Superstition Corridor from Chandler, Tempe, Mesa and Scottsdale, while the San Tan Freeway (Loop 202) will complete the submarket’s access to the Greater Phoenix freeway system when it links Interstate 10 and the Price Freeway upon its completion.

Phoenix’s Sky Harbor International Airport can be reached within 20 minutes from most of the Superstition Corridor. A few miles south of this submarket, Williams Gateway Airport offers complete local aviation facilities to industrial and commercial development and, with three 10,000-foot runways, acts as a reliever for Sky Harbor. One of the top ten general aviation airports in the nation, Falcon Field Airport lies within a few miles north of the Superstition Corridor.

The Superstition Corridor is also served by the main line of the Union Pacific railroad.

60

87

SOUTHERN AVE.

BROADWAY RD.

BASELINE RD.

HOUSTON AVE.

ME

SA

DR

.

STA

PLE

Y D

R.

GIL

BE

RT

RD

.

1750 SOUTH MESA DRIVE / LEE & ASSOCIATES ARIZONA

South Mountain Fwy.

LukeAFB

Scottsdale

Phoenix Sky Harbor International Airport

Airpark

Deer ValleyAirport

Pim

a Fw

y.

Price

Fwy.

Sun Valley Pkwy.

Grand Ave.

Papago Fwy.

Maricopa Fwy.

Superstition Fwy.

Santan Fwy.B

lack

Can

yon

Fwy.

Red Mountain Fwy.

Pima .ywFAgua Fria Fwy.

85

MAIN ST. APACHE TRAIL

UNIVERSITY DR.

MCKELLIPS RD.

SOUTHERN AVE.

BASELINE RD.

DEA

N R

D.

WA

TSO

N R

D.

VAL

V IS

TA D

R.

DO

BSO

N R

D.

SCO

TTSD

ALE

RD

.

PIM

A R

D.

TATU

M B

LVD

.

CAVE

CR

EEK

RD.

LINCOLN DR.GLENDALE AVE.

PEORIA AVE.

CACTUS RD.

SHEA BLVD.

CAMELBACK RD.

INDIAN SCHOOL RD.

MCDONALD DR.

CEN

TRA

L A

VE.

44TH

ST.

CO

UN

TRY

CLU

BA

RIZ

ON

A A

VEN

UE

MES

A D

R.

BASELINE RD.

BELL RD.

GREENWAY RD.

PINNACLE PEAK RD.

CAREFREE HWY.

DYNAMITE BLVD.

7TH

ST.

HAPPY VALLEY RD.LAK

E P

LEA

SAN

T P

KW

Y.83

RD

AVE

.

THUNDERBIRD RD.

59TH

AVE

.

BUCKEYE RD.

YUMA RD.

BROADWAY RD.

LITC

HFI

ELD

RD

.

99TH

AVE

.

JAC

KR

AB

BIT

TR

.

MIL

L A

VE.

ELLIOT RD.

WARNER RD.

CHANDLER RD.

RAY RD.

CHANDLER BLVD.

24TH

ST.

32N

D S

T.

48TH

ST.

Salt River

43R

D A

VE.

PHOENIX

CAREFREE

PARADISEVALLEY

CAVECREEK

ANTHEM

DESERT HILLS

MESA

SCOTTSDALE

CHANDLER

GILBERT

SUNCITY

GLENDALE

LITCHFIELDPARK

GOODYEAR

SUNCITYWEST

FOUNTAINHILLS

TEMPE

PEORIA

TOLLESON

AHWATUKEEFOOTHILLS

APACHEJUNCTION

Existing Freeways

Proposed or Under Construction

NORT

H

GoodyearAirport

10

10

101

101

143

60

60

87

88202

51

Pies

tewa

Fwy.

17

17

303

74

PROPERTY OVERVIEW


The MarketAs one of the fastest growing regions in the nation for the last several decades, Phoenix now stands as the nation’s sixth largest city and fourteenth largest metropolitan area. Phoenix has received numerous accolades over the last few years due to its growth, low cost of living and appealing business environment.

• KTAR news reports “Mesa Beats out Phoenix in 2018 Rankings of Best Big Cities to Live In”• Fortune ranked Phoenix as having the #5 fastest growing tech market.• Inc. Magazine recognized Phoenix as one of the Top 20 U.S. cities for start-up companies.• Forbes recognized Phoenix as a Top 10 next big boomtown in the U.S. and metropolitan Phoenix as the 11th fastest growing metro

area in the country.• Azcentral.com reported “Arizona economic forecast: Another strong year, no recession in sight”

Vacancy in the Phoenix office market fell from 19.39% in Q1 to 18.61% in Q2 of 2018 as vacancy rates continue to be the lowest since 2008. Office rental rates continue to remain steady at $25.22, dropping just $0.54 from the previous quarter The Mesa office market posted strong and steady numbers in Q2 with the surge of employment opportunities, positive rental rates, and low vacancy rate. As we close down the first half of the year, the Q2 office market portrays favorable statistics for the rest of the year

DYNAMIC GROWTH AREA

Within a three mile radius of 1750 South Mesa Drive the population is expected to grow 7.6% from 2018 to 2023. This consistent, steady growth is nearly 50% greater than that of the nation and portends a strong future business climate for the area. Mesa was recently ranked number one in Arizona as the best big City to live in and No. 15 in the United States, according to a new study. The rankings were based on data from 52 metrics that were condensed to five categories: affordability, economy, education and health, quality of life and safety. Mesa earned its highest score in the affordability category, ranking fourth.

MARKET OVERVIEW

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ANDREW CHENEY CCIM, CRE, [email protected]

1750 South Mesa DriveMesa, Arizona 85210

Owner User Opportunity

1750 SOUTH MESA DRIVE - LoopNet · ray rd. chandler blvd. 24th st. 32nd st. 48th st. s a lt r iv e...

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