3256 North Higley Road | Mesa, AZ 85215
Investment Offering with a 6.5% 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 Industrial Space
Sale Price $2,369,230
Price / SF $215.38*
Current Occupancy 100% Occupied
Total Square Feet Approx. 11,000 Rentable SF
Land Area HOA Complex
Year Built Brand New 2019
APN (subject to final issue) 141-37-001J
Construction Tilt Concrete
*Subject to final square foot calculation
Project Summary
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
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
Investment Highlights
Commercial Properties, Inc. is pleased to present 3256 North Higley Road, 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
Investment Highlights
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
Site Plan
EXISTING
3308
3256NOT A PART
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
Floor Plan
3256(FORMALLY 3260)
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
Aerial Map
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. 7
3256 North Higley RoadMesa, AZ 85215
3256 NORTH HIGLEY ROAD | INVESTMENT PACKAGE | ANDY JAFFE 480.214.1132 | REX GRISWOLD 480.244.7222
Pro Forma / Rent Roll
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
Pro Forma / CAP Rate AnalysisINCOME:
Rent (first year) $154,000.00
CAM (less) $33,000.00
Total Income $187,000.00
(income $9.97sf)
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)
Price $2,369,230
Price/SF $215.38
Based on CAP Rate 6.5%
SITE
Higley Rd
Recker Rd
McDowell Rd
E Longbow Pkwy
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: 03 12 19
REX GRISWOLDM [email protected]
ANDY JAFFED 480.214.1132M [email protected]