Mesa Industrial Flex Property Sells for $5.25 Million

An industrial flex property located in Mesa, Arizona, recently changed hands in a notable off-market transaction valued at $5.25 million. This dynamic deal highlights the ongoing demand for versatile commercial spaces in growing southwestern markets.

The asset spans 20,544 square feet and sits on approximately 2.37 acres of land. Transactions of this caliber often share traits with prominent regional architecture developments found throughout the region.

Property Specifications and Layout

Originally constructed in 2006, the building features durable block construction designed to withstand heavy industrial use. Interested readers can explore various architecture articles to understand how modern industrial builds balance form and function.

Functional Interior Spaces

The facility includes roughly 15,494 square feet of dedicated office space alongside its heavy industrial components. Key interior highlights consist of a professional reception area and a large bullpen setup.

Additional site features include an 18-by-14-foot grade-level door and a fully secured yard. Occupants also benefit from having 18 covered parking spaces right on the premises.

Overcoming Leasing Challenges

Brokers faced a tight timeline because the existing lease was scheduled to expire within the year. Mitigating tenant rollover uncertainty required quick and strategic action from the brokerage teams involved.

LevRose Commercial Real Estate successfully secured a buyer prior to the lease expiration date. Brokerage professionals often rely on deep market insights similar to those detailed in informational guides to navigate complex closings.

Strategic Investment Moves

The seller intends to utilize the proceeds from this profitable sale in a 1031 exchange. This classic tax-deferral strategy allows investors to transition capital smoothly into higher-cash-flow replacement assets.

Mark Cassell, Landon McKernan, Cameron Miller, and Joe Jones of LevRose represented the seller in the transaction. Meanwhile, Gary Cornish of Newmark skillfully represented the incoming buyer to finalize the deal.

 
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