2550 Thunderbird Cir Mesa, AZ 85215
- Warehouses
- 53,356 SF
Current Use by Public Records
- Lawrence Conrad M / Nursing Agency
- Dr. Joseph Benjamin, DO / Family Practice Physician
- Western International Recruiters Inc / Temp Agency
- Dietz Dorota M / Nursing Agency
- Murray Ann M / Nursing Agency
Property Details for 2550 Thunderbird Cir
- Year built
- 2000
- Property size
- 53,356 SF
- Property type
- Warehouses
- Property subtype
- Specialty properties
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.72
- Latitude
- 33.4628
