5559 Sossaman Rd Mesa, AZ 85212
- Industrial properties
- 185,590 SF
- 12.69 lot acres
Current Use by Public Records
- flyNEXA / Flight School / Aviation Training Institute
- jetNEXA / Aircraft Rental Service
Property Details for 5559 Sossaman Rd
- Year built
- 2024
- Lot size
- 12.69 lot acres
- Property size
- 185,590 SF
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
Description
This exceptional investment opportunity presents a state-of-the-art, 185,590-square-foot hangar facility in Mesa, Arizona's Gateway Executive Airpark. The property, located at 5559 S Sossaman Rd, 85212, consists of two single-story buildings on a 12.69-acre lot, offering 46-foot ceiling heights. Currently 100% occupied with three credit-rated tenants (Virgin Galactic, Boeing, and JetNexa), each leasing an entire hangar building or suite, providing exceptional diversification. The lease commenced October 1, 2024, with rent bumps included and lease options available. The property features ample parking (193 spaces per 1,000 sq ft). This is a Class A, multi-tenant, Net Lease (NNN) investment with a ground lease in place, expiring September 30, 2064, providing 40 years of remaining lease term. The property is ideally suited for long-term investors seeking stable income and significant appreciation potential in a prime location. This is a rare opportunity to acquire a high-quality, fully leased industrial asset with strong tenant covenants and a substantial remaining ground lease term.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.679
- Latitude
- 33.3152
