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260 S Hibbert St 71,272 SF Industrial Building Mesa, AZ 85210 $11,000,000 ($154.34/SF)
Investment Highlights
- VERSATILE INDUSTRIAL SPACE: ±71,272 SF facility suitable for manufacturing, distribution, and technology operations
- EFFICIENT LOADING OPERATIONS: 3 external docks, 3 levelators, and 2 drive-in door for optimal logistics handling
- CLIMATE CONTROL CAPABILITIES: 60% of building is temperature controlled with insulation suitable for cold storage
- PRIME URBAN LOCATION: Situated on 1.90 acres in downtown Mesa with excellent transportation access
Executive Summary
DWG Capital Group, as the exclusive advisor, is pleased to present a new off-market acquisition opportunity: 260 S Hibbert, Mesa, Arizona. This 71,272-square-foot tilt-wall industrial asset is situated in one of the fastest-growing submarkets of the Phoenix MSA. The Mesa area is burgeoning with development, surrounded by new projects, and features nearly non-existent urban infill inventory for industrial spaces between 50,000-150,000 square feet. The property will be delivered vacant, offering a compelling value-add opportunity through repositioning and leasing at market rents of $13–$15/SF NNN for a single tenant, or $15-$19 for a small bay conversion. With an attractive acquisition basis of $154 per square foot, this project is strategically positioned to capitalize on strong tenant demand and the scarcity of comparable inventory in the urban core. By securing a new tenant and executing the necessary repositioning, a sophisticated investor can unlock substantial value and achieve attractive, high-IRR returns within a shorter timeframe of 6–18 months through this highly marketable industrial redevelopment.
Sale Flyer
Property Facts
Amenities
- Skylights
- Air Conditioning
- Fiber Optic Internet
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 1 | 22,501 SF | Industrial | Full Build-Out | Now |
| 1st Fl - 2 | 33,506 SF | Industrial | Full Build-Out | Now |
| 1st Fl - 3 | 15,265 SF | Industrial | Full Build-Out | Now |
1st Fl - 1
| Size |
| 22,501 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 2
| Size |
| 33,506 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 3
| Size |
| 15,265 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl - 1
| Size | 22,501 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl - 2
| Size | 33,506 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl - 3
| Size | 15,265 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (86)
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Phoenix
1,660,272
27
0 h 40 m
Las Vegas
644,644
316
6 h 28 m
San Diego
1,425,976
372
6 h 49 m
Los Angeles
3,990,456
397
7 h 18 m
Albuquerque
560,218
406
7 h 43 m
El Paso
682,669
428
7 h 38 m
Access and Labor Force
10 Miles
Total Population
1,111,837
Total Labor Force
640,917
Unemployment Rate
3.13%
Median Household Income
$74,329
Warehouse Employees
86,422
High School Education Or Higher
92.50%
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Hope's Frybread | - | - | 9 min walk |
| Republica Empanada | Latin American | $ | 9 min walk |
| Simpleton's | - | - | 10 min walk |
| Micky's Hot Dogs | Hot Dogs | $ | 10 min walk |
| Jimmy John's | Fast Food | $ | 11 min walk |
| Margaritas Mexican Grille | Mexican | $ | 14 min walk |
| Pete's Fish & Chips | Seafood | $ | 14 min walk |
| Diamond's Sports Grille | Pub Food | $ | 16 min walk |
Retail |
||
|---|---|---|
| The UPS Store | Business/Copy/Postal Services | 10 min walk |
| Wells Fargo | Bank | 14 min walk |
| Lenhart's Ace Hardware | Hardware | 15 min walk |
| Deseret Book Company | Art Gallery | 15 min walk |
| Bank of America | Bank | 15 min walk |
| United States Postal Service | Business/Copy/Postal Services | 17 min walk |
Hotels |
|
|---|---|
| Delta Hotel |
274 rooms
4 min drive
|
| Courtyard |
149 rooms
7 min drive
|
| DoubleTree by Hilton |
266 rooms
8 min drive
|
| Sheraton Hotel |
180 rooms
11 min drive
|
| Embassy Suites by Hilton |
224 rooms
13 min drive
|
| Hyatt Place |
154 rooms
15 min drive
|
| Omni |
330 rooms
16 min drive
|
| Crowne Plaza |
249 rooms
16 min drive
|
Property Taxes
| Parcel Number | 138-48-027B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $382,288 |
Property Taxes
Parcel Number
138-48-027B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$382,288
Sale Advisors
Sale Advisors
Judd Dunning, President (CA | TX | Nationwide)
Judd Dunning is a veteran broker and Principal/President of DWG Capital Group. Since 2004, he has closed over $1B nationally in investment sales, acquisitions, and debt/equity assignments for existing and new developments. Most recently, Mr. Dunning received Los Angeles Business Journal’s 2022 Community Impact Deal of the Year Gold Award for the $160MM sale of the Sony Pictures Animation Campus in Culver City, which also garnered the CoStar Power Broker Deal Award. Additionally, he received an LABJ Commercial Brokerage Executive of the Year nomination in recognition of closing over $500MM in 2021 transactions. Mr. Dunning launched DWG Capital Group after 7 years at Newmark Knight Frank/Apartment Realty Advisors’ West Los Angeles office. Early Newmark accolades include a promotion to Senior Managing Director, Capital Markets, and recognition as a Top Ten Producer and Career Excellence Award Winner. Over his well-established career, Mr. Dunning’s core emphasis has been providing strategic, institutional-level advisory services for stabilized, value-add and distressed retail, office, industrial, multifamily and development assets. He maintains a superior roster of clients, including many prominent institutions, funds and private clients. DWG Capital Group comprises eight seasoned industry executives with decades of combined institutional experience and numerous strategic partnerships across the nation. The team's primary objective is simple: to deliver the highest quality commercial real estate transactional investment sale and capital markets advisory possible for his clients via DWG’s seasoned, intelligent institutional-grade platform. Mr. Dunning is married with two daughters; his greatest passions are family, faith, the arts, politics, and traveling for board sports. A third generation real estate professional, Mr. Dunning has also owned investment property in several states.
Meg Maran, Director of Marketing
Meg Maran, a Creative and Digital Marketing Specialist with years of real estate marketing experience, joined the DWG team in 2024. She led an extensive rebrand project and implemented an organized marketing strategy, elevating DWG’s creative department and streamlining their workflow. Meg’s unique talents, commitment to excellence and leadership style make her a valued component of DWG’s success.
Contacts
-
Judd Dunning -
Meg Maran -
Mike Paytonjian
-
DWG CAPITAL GROUP ( Formerly NGKF/ARA)
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
260 S Hibbert St
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