260 S Hibbert | ±71,272 SF INDUSTRIAL VALUE-ADD
Now White Boxed ! Sale/Lease Single or Multitenant Conversion Value Add | ±71,272 SF Industrial
Marketing description
Urban Infill | By New ASU Housing and Busy Broadway | Just Bordering Prime Gilbert & Chandler | Busy By Broadway Corridor
±71,272 SF | Prime Urban Infill | $1M+ in Recent Improvements| Small Bay or Single Tenatnt Value Add
90% of the heavy lifting just done! Removed 125 tons of machinery, painted, new roofs, parking, shelled creative office portion, and refreshed landscaping. Plus, 20 newly committed parking spaces added to this prime urban infill site. Ready to go — buy, lease up, or convert to multitenant. Lots of upside and meat on the bone for immediate profit for the new buyer.
This commanding ±71,272 SF freestanding warehouse and manufacturing facility sits on 1.84 acres in vibrant Downtown Mesa. Boasting 3 drive-in bays, 2 dock-high doors with pit levelers, 3 grade-level drive-ins, 15–25’ clear heights, HVLS fans, and robust 600A three-phase power—ready to power your operation’s next leap. Primed for seamless operations, functional scale, and future growth.
Moments from US-60, Loop 101, and Loop 202, it offers unmatched East Valley access and places you at the epicenter of Mesa’s industrial renaissance. At $15/SF+ small-bay rents, the multitenant layout supports an $18M+ valuation, while a single-tenant lease-up targets $15–16M+. This is more than real estate—it’s your gateway to industrial dominance in one of the fastest-growing CRE markets in the country. Act now and anchor your industrial legacy with this linchpin asset built to outperform.
Key Property Highlights
±71,272 SF industrial warehouse/ manufacturing facility on 1.84-acre parcel
±9,280 SF two-story office wrapped into the structure for seamless integration
Two dock-high doors with pit levelers and three grade-level overhead doors for efficient logistics flow
13’–25’ clear heights, perfect for heavy equipment, racking, or automation systems
Equipped with HVLS ceiling fans and fire sprinkler systems—premium operational enhancements
The facility offers substantial 3-phase power, including a 3300A 120/208V service with multiple metered sections (600A, 800A, and 2500A), supporting heavy electrical loads.
Includes 80 surface parking stalls and a new 10-year roof warranty ensuring long-term value
Proximity to major employers including Meta, Apple, Amazon, and the Elliot Tech Corridor fueling demand for industrial space
Zoned DB-2 (Downtown Business/Distribution)—flexible for manufacturing, distribution, or cold storage
Strategically situated with unrivaled access to US-60, Loop 101, and Loop 202—key regional connectors
Investment highlights
- Superior Value-Add
- High IRR
- Urban Infill Industrial Redevelopment Opportunity
- Exceptional Rent Growth
- High Demand submarket
- Top-5 US Industrial Cre Market w/ High Barrier to Entry
- Prior Coors Distribution, Tilt Wall Construction Cold storage Capable Facility
- 2 O/H Grade Dock-High Doors W/ Pit Levelers & 600A Power & 18' Clear Ceilings
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