3256 North Higley Road | Mesa, AZ 85215 · 2019. 5. 17. · 3256 North Higley Road | Mesa, AZ 85215 Investment Offering In North Mesa Opportunity Zone ~ 6.75% CAP Rate ~ ANDY JAFFE

3256 North Higley Road | Mesa, AZ 85215

Investment Offering In North Mesa Opportunity Zone~ 6.75% 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-Tenant Industrial Building

Total Square Feet Approx. 11,000 Rentable SF

Land Area HOA Complex

Year Built Brand New 2019

APN 141-37-001J

Construction Tilt Concrete

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

myndshft space (3256 N Higley Rd)

Union Hills Dr

Deer Valley Rd

Beardsley Rd

Deer Valley Rd

Happy Valley Rd

Pinnacle Peak Rd

Bell Rd

Greenway Rd

Grand Avenue

Waddell Rd

Cactus Rd

Peoria Ave

Dunlap Ave

Northern Ave

Glendale Ave

Bethany Home Rd

Camelback Rd

Indian School Rd

McDowell Rd

Greenway Rd

Bell Rd

Thunderbird Rd

Cactus Rd

94th StPim

a Rd

Shea Blvd

Doubletree Ranch Rd

McDonald Dr

Chaparral RdCamelback Rd

Indian School RdOsborn Rd

Thomas Rd

McDowell Rd

University Dr Superstition BlvdAp

ache T

rail

Broadway Rd

Southern Ave

Baseline Rd

Guadalupe Rd

Elliot Rd

Warner Rd

Ray Rd

Williams Field Rd

Pecos Rd

Germann Rd

Queen Creek Rd

Ocotillo Rd

Chandler Heights Rd

Van Buren St McKellips Rd

35th Ave

27th Ave

19th Ave

7th Ave

Central Ave7th St

16th St

Cave Creek Rd

7th St

Tatum Blvd

56th St

24th St

32nd St

44th St48th St

Rural Rd

Dobson Rd

Alma School Rd

Mesa Dr

Country Club DrArizona Ave

Stapley Dr

Gilbert Rd

Lindsay Rd

Val Vista Dr

Greenfield Rd

Higley Rd

Recker Rd

Power Rd

Bush Hw

y

Sossaman Rd

Power Rd

Ellsworth Rd

Signal Butte Rd

Scottsdale Rd

Scottsdale Rd

McClintock Dr43rd Ave

51st Ave

59th Ave

67th Ave

75th Ave

83th Ave

91st Ave

99th Ave

107th Ave

115th Ave

El Mirage Rd

Dysart Rd

Litchfield Rd

Cotton Ln

Citrus Rd

Perryville Rd

Sarival Ave

Bullard AveBullard Ave

Estrella Pkwy

Reems Rd

Jackrabbit Trail

verrado way

Frank Lloyd Wrigh t Blvd

Lake Pleasant Pkwy

Scottsdale

Fountain Hills

Mesa

Gilbert

Chandler

Tempe

Phoenix

Glendale

Tolleson

Avondale

Surprise Peoria

Queen Creek

303

303

87FU

TURE

202




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




3308N Higley Rd

NOT A PART

3256N Higley Rd

Project Site Plan




3256 North Higley Road is part of 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

3256 North Higley Road

“Mesa-based Myndshft will triple in size in 2019”Myndshft, a technology company that specializes in blockchain and artificial intelligence in healthcare, today announced that it plans to triple its team from 30 to over 100 employees this year. To accommodate this growth, Myndshft relocated from its 4,000-square-foot space to a new 11,000-square-foot office in the Red Mountain Business Park at 3256 N. Higley Road, Mesa, AZ 85215.

https://azbigmedia.com/mesa-based-myndshft-will-triple-in-size-in-2019/

“Myndshft is a great addition to the Falcon Business

District and their exponential growth is bringing high tech

jobs to Mesa,” said Mayor John Giles. “Healthcare

administration is changing and Myndshft is leading the way in using technology to

simplify processes.”




Floor Plan // 3256 North Higley Road




Address3256 North Higley RoadMesa, AZ 85215

Offering Single-Tenant Industrial Building

Total Rentable SF Approx. 11,000

Current Occupancy 100%

Sale Price $2,282,000

Price Per SF $207.45

Capilization Rate 6.75% (fully leased)

Investment Summary // 3256 North Higley Road

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




SITE

Higley Rd

E Longbow Pkwy

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)

Project Pro Forma / CAP Rate Analysis

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: May 09, 2019

REX GRISWOLDM [email protected]

ANDY JAFFED 480.214.1132M [email protected]

myndshft space (3256 N Higley Rd)

Documents

3256 North Higley Road | Mesa, AZ 85215 · 2019. 5. 17. · 3256 North Higley Road | Mesa, AZ 85215 Investment Offering In North Mesa Opportunity Zone ~ 6.75% CAP Rate ~ ANDY JAFFE