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    2550 Thunderbird Cir Mesa, AZ 85215

    For Sale
    $5,895,000

    53,356 SF Multi-Tenant Office/Warehouse

    Property size:
    53,356 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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.

    Property Features for 2550 Thunderbird Cir

    General Information

    Property type
    Distribution properties
    Square Feet
    53,356 SF

    Building Details

    Year Built
    2000

    HighLights

    • Owner‑Occupancy Opportunity
    • Strong Existing Rental Income
    • Qualified Opportunity Zone Location
    • Direct Runway Access at Falcon Field
    • Below Current Replacement Cost
    Property Profile Location Intelligence

    Current Use by Public Records

    Lawrence Conrad M Nursing Agency Dr. Joseph Benjamin, ... Family Practice Physician Western International Recruiters ... Temp Agency Dietz Dorota M Nursing Agency Murray Ann M Nursing Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.71987791067
    Latitude
    33.462751828813

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    FAQs

    What type of property is this?
    Distribution property - 53,356 SF Multi-Tenant Office/Warehouse
    Where is this distribution property located?
    The property is located at 2550 Thunderbird Cir Mesa, AZ.
    What is the asking price?
    The asking price for this property is $5,895,000.
    What are key features of this property?
    This property features: Owner-Occupancy Opportunity; Strong Existing Rental Income; Qualified Opportunity Zone Location
    Request Owner's contact information
    2550 Thunderbird Cir Mesa, AZ 85215
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    Mesa, AZ 85215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2550 Thunderbird Cir Mesa, AZ 85215
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