2550 Thunderbird CirMesa, AZ 85215

Property Details for 2550 Thunderbird Cir

Year built

2000

Property size (Sq ft)

53,356 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional 53,356 square foot multi-tenant property, located at 2550 N Thunderbird Cir, Mesa, AZ 85215, presents a compelling owner-user opportunity. Built in 2000 and situated on a ground lease expiring March 31, 2033, this industrial, office, and special purpose building boasts a strong 11.32% cap rate and a substantial NOI of $667,144. The property features approximately 35,452 square feet of office space and 17,903 square feet of hangar space, with an additional 41,721 square feet available for user occupancy. The property is zoned LI (City of Mesa) and offers ample parking (5.47 spaces per 1,000 sq ft). Benefitting from its location in an Opportunity Zone and direct access to Falcon Field runways, this property offers significant potential for additional income from existing tenants. The asking price is $5,895,000. This is a rare opportunity to acquire a well-located, income-producing property below replacement costs.

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4628

Longitude

-111.72

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