For Sale
$11,337,000

8946 Germann Rd Mesa, AZ 85212

High-yield retail property, Mesa, AZ.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity encompasses two modern retail buildings situated on a 4.01-acre lot at 8946 and 8950 E Germann Rd, Mesa, Arizona, zip code 85212, in Maricopa County. The property boasts a combined 40,500 square feet of retail space, with one building measuring approximately 24,459 square feet constructed in 2020 and the second building comprising approximately 10,500 square feet, completed in 2022. The buildings are in excellent condition and benefit from a strong net operating income (NOI) of $708,465, resulting in an attractive 6.25% capitalization rate. This compelling offering also includes a cell tower lease, adding further value to the investment. The asking price for this exceptional property is $11,337,000. This triple net lease investment presents a rare opportunity to acquire a high-performing retail asset in a prime Mesa location. The property's size, modern construction, strong NOI, and attractive cap rate make it an ideal addition to any investment portfolio. The location offers excellent visibility and accessibility, ensuring strong tenant occupancy and potential for future growth. This is a turnkey investment ready for immediate returns.

Highlights

  • Two modern retail buildings totaling 40,500 square feet on a 4.01-acre lot in Mesa, AZ.
  • Buildings constructed in 2020 (24,459 SF) and 2022 (10,500 SF).
  • Strong NOI of $708,465 and a 6.25% capitalization rate.
  • Includes a cell tower lease, adding to investment value.
  • Asking price: $11,337,000.

Property Details for 8946 Germann Rd

Property type
Retail properties
Square Feet
40,500 SF
Lot Size (sq. ft)
174,676 SF

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.2781853
Longitude
-111.639769

FAQs

What type of property is this?
Retail property - High-yield retail property, Mesa, AZ.
Where is the retail property located?
The property is located at 8946 Germann Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $11,337,000.
What are key features of this property?
This property features: Two modern retail buildings totaling 40,500 square feet on a 4.01-acre lot in Mesa, AZ.; Buildings constructed in 2020 (24,459 SF) and 2022 (10,500 SF).; Strong NOI of $708,465 and a 6.25% capitalization rate.
How can I contact the broker?
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8946 Germann Rd
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