www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29331379
32814556

260 S Hibbert, Mesa, AZ 85210

JD
CA CA 01520854​
DWG Capital Group
CH
CA 02312530
DWG Capital Group
Listed by DWG Capital Group
$11,000,000
470 days on market
Updated 14 days ago
Opportunity zone

260 S Hibbert | ±71,272 SF INDUSTRIAL VALUE-ADD

Details
Property Type Industrial
Sub Type Flex, Warehouse (+1)
Square Footage 71,272
Net Rentable (SqFt) 71,272
Tenancy Vacant
Lease Type NNN
Pro-Forma Cap Rate 6.00%
Pro-Forma NOI $1,011,920
Price per SqFt $140
Broker Co-Op Yes
Class B
Year Built 1959
Year Renovated 2026
Buildings 1
Acreage 1.900
Parking Spaces 35 spaces
Parking Per SqFt 0.49
Investment Type Value Add
Ceiling Height 15' - 25'
Dock High Doors 3

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

Listing Contacts

JD
CA CA 01520854​
DWG Capital Group
CH
CA 02312530
DWG Capital Group
Listed by DWG Capital Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591