3256 north higley road | mesa, az 85215 · 2019. 3. 20. · andy jaffe d 480.214.1132 m...

3256 North Higley Road | Mesa, AZ 85215

Investment Offering with a 6.5% CAP Rate

ANDY JAFFED 480.214.1132M [email protected]

REX GRISWOLDM [email protected]

COMMERCIAL PROPERTIES INC P. 2

3256 North Higley RoadMesa, AZ 85215

3256 NORTH HIGLEY ROAD | INVESTMENT PACKAGE | ANDY JAFFE 480.214.1132 | REX GRISWOLD 480.244.7222

Address3256 North Higley Road

Mesa, AZ 85215

Offering Single Industrial Space

Sale Price $2,369,230

Price / SF $215.38*

Current Occupancy 100% Occupied

Total Square Feet Approx. 11,000 Rentable SF

Land Area HOA Complex

Year Built Brand New 2019

APN (subject to final issue) 141-37-001J

Construction Tilt Concrete

*Subject to final square foot calculation

Project Summary

Demographics 1 Mile 3 Mile 5 Mile

2018 Estimated Population 1,328 46,757 141,136

2023 Projected Population 1,474 50,768 152,784

2018 AVG Household Income $54,253 $99,062 $84,389

Total Businesses 113 2,021 4,628

Total Employees 5,637 19,631 43,095

Project Summary




Investment Highlights

Commercial Properties, Inc. is pleased to present 3256 North Higley Road, a brand new construction investment opportunity. This exclusive investment provides an investor with the rare ability to acquire an 11,000 SF fully leased industrial space in north Mesa.

• ±11,000 SF Building

• Tilt-Up Concrete Construction

• ±7,000 SF Fenced Yard

• 22’ Clear Height

• 4 (10’ x 12’) Grade Level Glass Overhead Doors

• 120/208 Volts, 200 Amps, 3 Phase

• Rents are NNN of which each tenant pays for all operational expenses

• Located just south of the Higley Rd off-ramp and the North Loop 202 Freeway

Investment Highlights




Site Plan

EXISTING

3308

3256NOT A PART




Floor Plan

3256(FORMALLY 3260)




Aerial Map

Scottsdale

Fountain Hills

Mesa

GilbertChandler

Tempe

Phoenix

Glendale

Tolleson

Avondale

SurprisePeoria

Queen Creek

303

303

87

FUTU

RE

202

Greenfield Rd

Val Vista Dr

Lindsay Rd

Gilbert Rd

Higley Rd

Recker Rd

Power Rd

McDowell Rd

Brown Rd

McKellips Rd

Higley Rd

SITE

SITE




Pro Forma / Rent Roll

Rent RollBldg Tenant RSF Pro Rata % Lease

StartLease

Expiration Current

Base Rent

Current Base Rent Annual

Base Rent Increase

Date

Base Rent Increase Amount

Monthly

Rental Rate

Operating Expenses

Monthly

Total Rental Income Monthly

3256 Myndshft Tech LLC 11,000 50.00% 1/1/2019 12/31/2023 $14.00 $154,000.00 2/1/2019 $12,833.33 $14.00 $2,750.00 $15,583.33

2/1/2020 $13,218.33 $14.42 $2,750.00 $15,968.33

2/1/2021 $13,612.50 $14.85 $2,750.00 $16,362.50

2/1/2022 $14,025.00 $15.30 $2,750.00 $16,775.00

2/1/2023 $14,446.66 $15.76 $2,750.00 $17,196.66

Pro Forma / CAP Rate AnalysisINCOME:

Rent (first year) $154,000.00

CAM (less) $33,000.00

Total Income $187,000.00

(income $9.97sf)

Expenses (projected for 2019 of entire building):

Management $15,400.00

Telephone $400.00

Utilities $2,400.00

Building Repairs & Maintenance $1,200.00

Service (Reserves) $6,000.00

Landscaping $1,900.00

HVAC $1,600.00

Janitorial/Pest Control $500.00

Insurance $3,000.00

Property Taxes (when fully assessed) $34,000.00

TOTAL EXPENSES $66,400.00

(total expenses $6.04/sf) (based on entire building 22,000 SF)

Price $2,369,230

Price/SF $215.38

Based on CAP Rate 6.5%

SITE

Higley Rd

Recker Rd

McDowell Rd

E Longbow Pkwy

The information contained herein has been obtained from various sources. We have no reason to doubt its accuracy; however, J & J Commercial Properties, Inc. has not verified such information and makes no guarantee, warranty or representation about such information. The prospective buyer or lessee should independently verify all dimensions, specifications, floor plans, and all information prior to the lease or purchase of the property. All offerings are subject to price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: 03 12 19

REX GRISWOLDM [email protected]

ANDY JAFFED 480.214.1132M [email protected]

3256 north higley road | mesa, az 85215 · 2019. 3. 20. · andy jaffe d 480.214.1132 m...

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