Current Use by Public Records
- Warehouses
Property Details for 7754 Velocity Way
- Lot size
- 2.42 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This Class A, 47,621-square-foot industrial building in Mesa, Arizona's Mesa Gateway Airport submarket, offers a single-tenant occupancy and is situated on approximately 2.42 acres. The property boasts a two-story design with a 24-foot clear height ceiling, providing ample space for manufacturing, warehousing, or distribution operations. Features include 4 loading docks, 4 drive-ins, and 93 parking spaces. The building also includes approximately 6,429 square feet of front office space, with additional warehouse office space totaling 1,106 square feet. An unfinished mezzanine of 355 square feet offers potential for expansion up to approximately 10,000 square feet. The property benefits from 1,200 amps of 277/480V power (expandable), a fenced truck court and storage yard, and is equipped with evaporative cooling. The building is zoned LI - Light Industrial, City of Mesa, and enjoys a prime location within a Military Re-use Zone (MRZ), Foreign Trade Zone (FTZ), and Hub Zone. New HVAC units will be installed in the warehouse before the November 2024 availability date. The property is offered at $1.25 NNN with $0.19 OPEX. Expansion potential exists, with the building expandable to approximately 57,621 square feet.
Value Estimations
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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
- -111.666
- Latitude
- 33.3012
