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Property profile & analytics
OFF-MARKET Estimated value $9,660,000
Individual retail properties

8946 Germann Rd Mesa, AZ 85212-5301

27,234 SF 4.01 ac lot Built 2019
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US07-1933274
Property summary
AI-generated overview

This exceptional investment opportunity encompasses two modern retail buildings situated on a 4.01-acre lot at 8946 and 8950 E Germann Rd, Mesa, Arizona, zip code 85212, in Maricopa County. The property boasts a combined 40,500 square feet of retail space, with one building measuring approximately 24,459 square feet constructed in 2020 and the second building comprising approximately 10,500 square feet, completed in 2022. The buildings are in excellent condition and benefit from a strong net operating income (NOI) of $708,465, resulting in an attractive 6.25% capitalization rate. This compelling offering also includes a cell tower lease, adding further value to the investment. The asking price for this exceptional property is $11,337,000. This triple net lease investment presents a rare opportunity to acquire a high-performing retail asset in a prime Mesa location. The property's size, modern construction, strong NOI, and attractive cap rate make it an ideal addition to any investment portfolio. The location offers excellent visibility and accessibility, ensuring strong tenant occupancy and potential for future growth. This is a turnkey investment ready for immediate returns.

Property profile
Verified
Property type Individual retail properties
Use group GYM, HEALTH SPA
Year built 2019
Construction CONCRETE
Total area 27,234 SF
Lot 4.01 ac (174,669 SF)
Zoning code LI
APN 304-62-953
UPID US07-1933274
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Elevate Trampoline Park - Queen Creek Arcade & Gaming Center Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.66M
Blend (final) Blend
$9.66M
Owner & transaction history
Etp Funding LLC · 4 yrs held
Etp Funding LLC
since 2021
5 recorded transactions
2021
Price N/A
2019
Price N/A
2017
$695,000
2009
Price N/A
2006
$710,000
Zoning & alternative use
LI · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

mbers in this column refer to other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-7-3: Development Standards - Employment Districts Standard PEP LI GI HI Additional Standards Lot and Density Standards Minimum Site Area (acre) 2.5 1.0 1.0 1.0 Minimum Lot Width (ft.) 100 100 100 100 Min…

Zone name Light Industrial
General category INDUSTRIAL
Zone area 10,916.12 ac
Source code of ordinances
Top alternative use upside
Auto repair, garage $12.0M +61.8%
Neighborhood: shopping center $8.5M +14.3%
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