260 S Hibbert St Industriel/Logistique 6 621 m² À vendre Mesa, AZ 85210 8 644 000 € (1 305,47 €/m²) Taux de capitalisation 6,20 %

Now 2M Price Improved To Sell in Q4 2025. Get us your offer.
260 S. Hibbert St., Mesa, AZ — Now offered at $10M ($140/SF), reduced from $12M. This ±71,272 SF infill industrial facility has been 85% white-boxed, reroofed, and upgraded with heavy power and parking, offering a rare below-replacement-cost basis. Investors can capture $16M–$22M upside via single-tenant lease-up or small-bay conversion in Phoenix’s high-growth East Valley.
72K SF PHNX Industrial | Now JUST $10M ($140 PSF) | $16M–$22M Pro Forma
DWG Capital Group, as exclusive advisor, is pleased to present the relaunch of 260 S. Hibbert Street, Mesa, AZ — a ±71,272 SF urban infill industrial facility in the Phoenix-Mesa MSA. Following extensive renovations and a strategic repositioning, the asset is now offered at a reduced price of $10,000,000 ($140/SF), down from $12,000,000, creating a compelling entry point for investors seeking both security and short-term value-add upside.
Executive Summary
DWG Capital Group, as exclusive advisor, is pleased to present the relaunch of 260 S. Hibbert Street, Mesa, Arizona, a ±71,272 SF urban infill industrial facility located in the heart of the Phoenix-Mesa MSA, one of the Top 5 U.S. industrial markets by demand, absorption, and rent growth.
The asset has undergone a major repositioning investment, with ±85% of the building white-boxed following a 20-year corporate occupancy. Capital improvements include a new elastomeric roof, upgraded heavy power (up to 4,300A capacity), fiber optic infrastructure, expanded parking, cold-storage capable insulation (~60% of the building), and new dock/drive-in functionality.
Now offered at $10,000,000 ($140/SF), reduced from $12,000,000 ($168/SF), the property provides a rare below-replacement-cost entry basis for investors to capture immediate lease-up or conversion upside.
The Story: Price Reset & Market Timing
Originally brought to market at $12M, the property is now repriced at $10M to align with current capital market conditions and accelerate disposition. At this new basis, buyers step into a discounted acquisition with a clear path to $16M–$22M valuations through lease stabilization.
The Phoenix-Mesa East Valley submarket continues to outperform:
Vacancy: 3.8% — among the lowest in the U.S.
Rent Growth: +15.8% YoY, driven by e-commerce, manufacturing, and small-bay demand
Recent Trades: $200–$280/SF within 3 miles, underscoring the discount-to-market entry
Value Creation Strategies
1. Single-Tenant Lease-Up
Capture $13–$15/SF NNN rents with a strong credit or regional user
Stabilized NOI supports $16M–$18M valuation at a 6.0% cap
2. Multi-Tenant / Small Bay Conversion
Demise into 3–10 bays; East Valley small-bay rents achieving $15–$19/SF NNN
Conversion strategy supports $18M–$22M+ valuation with higher blended rent roll
Both strategies benefit from tenant demand outpacing supply in the 50K–150K SF segment.
Facility & Improvements
Size / Site: ±71,272 SF on ±1.90 AC infill parcel
Construction: Tilt-wall with ±15’–25’ clear heights
Loading: 3 docks, 3 levelators, 1 drive-in
Power: Up to 4,300A SES with multiple metering; heavy manufacturing capability
Cold Storage: ~60% insulated/temperature-capable space
Recent Upgrades: Elastomeric roof, white-boxed interiors (±85%), parking lot expansion, new building systems, fiber optic connectivity
Strategic Positioning
At $10M ($140/SF), 260 S. Hibbert is priced at a meaningful discount to replacement cost and current East Valley trades. All heavy lifting is complete, leaving incoming ownership to focus capital on tenanting and capturing income upside.
With Phoenix-Mesa among the most dynamic industrial markets in the U.S., this property offers investors the ability to execute a proven lease-up or small-bay strategy and unlock $16M–$22M of value within 12–24 months.
Exclusively Presented By
Judd Dunning | Principal / Broker | Lic. #01520854
310.261.8428 | jdunning@dwg-re.com
Hugh Gehrke | Sr. Managing Director, Investment Sales
310.770.1713 | hugh@dwg-re.com