OFFERS DUE WEDNESDAY, MARCH 18, 2015

Mesa Ranch Plaza
1036-1118 E. Southern Avenue, Mesa, Arizona

INVESTMENT SUMMARY

   

Offering Price: Best Offer - Call to Discuss
NOI (Year 1): $1,792,982
NOI (Year 3): $2,228,038
Occupancy: 88%
Total Building Area: ±204,507 SF
Total Land Area: ±15.92 Acres

 

 

INVESTMENT HIGHLIGHTS

  • Anchored by Los Altos Ranch Market (parent company CNG Ranch, LLC, a partnership between Cardenas Market and Northgate Gonzalez Market), the leading Hispanic grocers operating 72 stores in the Southwestern US
  • Los Altos Ranch Market occupies 30% of Mesa Ranch Plaza’s leasable area, and has a lease term expiring in 2029 – nearly 15 years remaining
  • Mesa Ranch Plaza is 88% leased to eighteen (18) retail, restaurant, value and service-oriented tenants
  • Future pad development or ground lease opportunity provides additional income potential
  • Built in 2008 and highly maintained, Mesa Ranch Plaza will sell for a deep discount to its land-inclusive replacement cost, with existing rents averaging just $12.00 PSF per year 
  • Free and clear of debt allowing an investor to capitalize on historically low interest rates

OFFERS DUE WEDNESDAY, MARCH 18, 2015


FOR MORE
INFORMATION
PLEASE CONTACT:


Arizona*

 

Debt & Structured Finance

Glenn Smigiel 
+1 602 735 5604

Lic. SA027192000
glenn.smigiel@cbre.com

Robert L. Young 
+1 602 735 5576

Lic. SA020635000
bob.young@cbre.com

Bruce Francis

+1 602 735 1781

Lic. BK0018505

bruce.francis@cbre.com         

Dana Summers
+1 602 735 1780

Lic. BK0018505 dana.summers@cbre.com

 

 

NRIG-West
Philip D. Voorhees
+1 949 725 8521
Lic. 01252096
phil.voorhees@cbre.com

Brad Rable
+1 949 725 8468
Lic. 01940290
brad.rable@cbre.com

Megan Wood
+1 949 725 8423
Lic. 01516027
megan.wood@cbre.com

 

 

*This listing will be sold through the Arizona licensed real estate agents/brokers above. All questions, comments or other communications should be directed to Glenn Smigiel and Robert L.Young.
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