3256 North Higley Road | Mesa, AZ 85215
Investment Offering In North Mesa Opportunity Zone~ 6.75% CAP Rate ~
ANDY JAFFED 480.214.1132M [email protected]
REX GRISWOLDM [email protected]
COMMERCIAL PROPERTIES INC P. 2
3256 North Higley RoadMesa, AZ 85215
3256 NORTH HIGLEY ROAD | INVESTMENT PACKAGE | ANDY JAFFE 480.214.1132 | REX GRISWOLD 480.244.7222
Address3256 North Higley Road
Mesa, AZ 85215
Offering Single-Tenant Industrial Building
Total Square Feet Approx. 11,000 Rentable SF
Land Area HOA Complex
Year Built Brand New 2019
APN 141-37-001J
Construction Tilt Concrete
Demographics 1 Mile 3 Mile 5 Mile
2018 Estimated Population 1,328 46,757 141,136
2023 Projected Population 1,474 50,768 152,784
2018 AVG Household Income $54,253 $99,062 $84,389
Total Businesses 113 2,021 4,628
Total Employees 5,637 19,631 43,095
Project Summary
myndshft space (3256 N Higley Rd)
Union Hills Dr
Deer Valley Rd
Beardsley Rd
Deer Valley Rd
Happy Valley Rd
Pinnacle Peak Rd
Bell Rd
Greenway Rd
Grand Avenue
Waddell Rd
Cactus Rd
Peoria Ave
Dunlap Ave
Northern Ave
Glendale Ave
Bethany Home Rd
Camelback Rd
Indian School Rd
McDowell Rd
Greenway Rd
Bell Rd
Thunderbird Rd
Cactus Rd
94th StPim
a Rd
Shea Blvd
Doubletree Ranch Rd
McDonald Dr
Chaparral RdCamelback Rd
Indian School RdOsborn Rd
Thomas Rd
McDowell Rd
University Dr Superstition BlvdAp
ache T
rail
Broadway Rd
Southern Ave
Baseline Rd
Guadalupe Rd
Elliot Rd
Warner Rd
Ray Rd
Williams Field Rd
Pecos Rd
Germann Rd
Queen Creek Rd
Ocotillo Rd
Chandler Heights Rd
Van Buren St McKellips Rd
35th Ave
27th Ave
19th Ave
7th Ave
Central Ave7th St
16th St
Cave Creek Rd
7th St
Tatum Blvd
56th St
24th St
32nd St
44th St48th St
Rural Rd
Dobson Rd
Alma School Rd
Mesa Dr
Country Club DrArizona Ave
Stapley Dr
Gilbert Rd
Lindsay Rd
Val Vista Dr
Greenfield Rd
Higley Rd
Recker Rd
Power Rd
Bush Hw
y
Sossaman Rd
Power Rd
Ellsworth Rd
Signal Butte Rd
Scottsdale Rd
Scottsdale Rd
McClintock Dr43rd Ave
51st Ave
59th Ave
67th Ave
75th Ave
83th Ave
91st Ave
99th Ave
107th Ave
115th Ave
El Mirage Rd
Dysart Rd
Litchfield Rd
Cotton Ln
Citrus Rd
Perryville Rd
Sarival Ave
Bullard AveBullard Ave
Estrella Pkwy
Reems Rd
Jackrabbit Trail
verrado way
Frank Lloyd Wrigh t Blvd
Lake Pleasant Pkwy
Scottsdale
Fountain Hills
Mesa
Gilbert
Chandler
Tempe
Phoenix
Glendale
Tolleson
Avondale
Surprise Peoria
Queen Creek
303
303
87FU
TURE
202
COMMERCIAL PROPERTIES INC P. 3
3256 North Higley RoadMesa, AZ 85215
3256 NORTH HIGLEY ROAD | INVESTMENT PACKAGE | ANDY JAFFE 480.214.1132 | REX GRISWOLD 480.244.7222
Scottsdale
Fountain Hills
Mesa
GilbertChandler
Tempe
Phoenix
Glendale
Tolleson
Avondale
SurprisePeoria
Queen Creek
303
303
87
FUTU
RE
202
Greenfield Rd
Val Vista Dr
Lindsay Rd
Gilbert Rd
Higley Rd
Recker Rd
Power Rd
McDowell Rd
Brown Rd
McKellips Rd
Higley Rd
SITE
SITE
COMMERCIAL PROPERTIES INC P. 4
3256 North Higley RoadMesa, AZ 85215
3256 NORTH HIGLEY ROAD | INVESTMENT PACKAGE | ANDY JAFFE 480.214.1132 | REX GRISWOLD 480.244.7222
3308N Higley Rd
NOT A PART
3256N Higley Rd
Project Site Plan
COMMERCIAL PROPERTIES INC P. 5
3256 North Higley RoadMesa, AZ 85215
3256 NORTH HIGLEY ROAD | INVESTMENT PACKAGE | ANDY JAFFE 480.214.1132 | REX GRISWOLD 480.244.7222
3256 North Higley Road is part of a brand new construction investment opportunity. This exclusive investment provides an investor with the rare ability to acquire an 11,000 SF fully leased industrial space in north Mesa.
• ±11,000 SF Building
• Tilt-Up Concrete Construction
• ±7,000 SF Fenced Yard
• 22’ Clear Height
• 4 (10’ x 12’) Grade Level Glass Overhead Doors
• 120/208 Volts, 200 Amps, 3 Phase
• Rents are NNN of which each tenant pays for all operational expenses
• Located just south of the Higley Rd off-ramp and the North Loop 202 Freeway
3256 North Higley Road
“Mesa-based Myndshft will triple in size in 2019”Myndshft, a technology company that specializes in blockchain and artificial intelligence in healthcare, today announced that it plans to triple its team from 30 to over 100 employees this year. To accommodate this growth, Myndshft relocated from its 4,000-square-foot space to a new 11,000-square-foot office in the Red Mountain Business Park at 3256 N. Higley Road, Mesa, AZ 85215.
https://azbigmedia.com/mesa-based-myndshft-will-triple-in-size-in-2019/
“Myndshft is a great addition to the Falcon Business
District and their exponential growth is bringing high tech
jobs to Mesa,” said Mayor John Giles. “Healthcare
administration is changing and Myndshft is leading the way in using technology to
simplify processes.”
COMMERCIAL PROPERTIES INC P. 6
3256 North Higley RoadMesa, AZ 85215
3256 NORTH HIGLEY ROAD | INVESTMENT PACKAGE | ANDY JAFFE 480.214.1132 | REX GRISWOLD 480.244.7222
Floor Plan // 3256 North Higley Road
COMMERCIAL PROPERTIES INC P. 7
3256 North Higley RoadMesa, AZ 85215
3256 NORTH HIGLEY ROAD | INVESTMENT PACKAGE | ANDY JAFFE 480.214.1132 | REX GRISWOLD 480.244.7222
Address3256 North Higley RoadMesa, AZ 85215
Offering Single-Tenant Industrial Building
Total Rentable SF Approx. 11,000
Current Occupancy 100%
Sale Price $2,282,000
Price Per SF $207.45
Capilization Rate 6.75% (fully leased)
Investment Summary // 3256 North Higley Road
Rent RollBldg Tenant RSF Pro Rata % Lease
StartLease
Expiration Current
Base Rent
Current Base Rent Annual
Base Rent Increase
Date
Base Rent Increase Amount Monthly
Rental Rate
Operating Expenses Monthly
Total Rental Income Monthly
3256 Myndshft Tech LLC 11,000 50.00% 1/1/2019 12/31/2023 $14.00 $154,000.00 2/1/2019 $12,833.33 $14.00 $2,750.00 $15,583.33
2/1/2020 $13,218.33 $14.42 $2,750.00 $15,968.33
2/1/2021 $13,612.50 $14.85 $2,750.00 $16,362.50
2/1/2022 $14,025.00 $15.30 $2,750.00 $16,775.00
2/1/2023 $14,446.66 $15.76 $2,750.00 $17,196.66
COMMERCIAL PROPERTIES INC P. 8
3256 North Higley RoadMesa, AZ 85215
3256 NORTH HIGLEY ROAD | INVESTMENT PACKAGE | ANDY JAFFE 480.214.1132 | REX GRISWOLD 480.244.7222
SITE
Higley Rd
E Longbow Pkwy
Expenses (projected for 2019 of entire building):
Management $15,400.00
Telephone $400.00
Utilities $2,400.00
Building Repairs & Maintenance
$1,200.00
Service (Reserves) $6,000.00
Landscaping $1,900.00
HVAC $1,600.00
Janitorial/Pest Control $500.00
Insurance $3,000.00
Property Taxes (when fully assessed)
$34,000.00
Total Expenses $66,400.00
(total expenses $6.04/sf) (based on entire building 22,000 SF)
Project Pro Forma / CAP Rate Analysis
The information contained herein has been obtained from various sources. We have no reason to doubt its accuracy; however, J & J Commercial Properties, Inc. has not verified such information and makes no guarantee, warranty or representation about such information. The prospective buyer or lessee should independently verify all dimensions, specifications, floor plans, and all information prior to the lease or purchase of the property. All offerings are subject to price change, prior sale, lease, or withdrawal from the market without prior notice. Effective: May 09, 2019
REX GRISWOLDM [email protected]
ANDY JAFFED 480.214.1132M [email protected]
myndshft space (3256 N Higley Rd)
Top Related