Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Year Built 1994
Building Area
Land Area ()

Property Description

JLL has been engaged as the exclusive advisor to extend to qualified investors the opportunity to acquire the fee simple interest in Mesa Pavilions North. The 12,508 sq. ft. multi-tenant pad building is located south of the southeast corner of Power Rd. & Southern Ave. in Mesa, Arizona. The Property is 100% leased with 80% of the tenants being national brands. Mesa Pavilions North presents the rare opportunity to acquire a stable asset that greatly benefits from the grocery shadow anchor (Winco Foods).

Investment Highlights

Ease of Management with Stability and National Co-Tenancy 

Seven out of the nine tenants at Mesa Pavilions North are national brands representing 80% of the rent roll. With the historically strong tenant-mix and occupancy levels, investors will enjoy ease of management with minimal leasing responsibilities throughout the life of the investment.


Pre-COVID Foot Traffic

Mesa Pavilions North has seen over 100,000 visitors per month since November 2020, surpassing 2019 numbers (Placer.ai data).


Convenient Access with Strong Visibility

The Property is strategically located about ½ mile north of one of the busiest thoroughfares in Arizona, U.S. Route 60 (220,000+ VPD) which has a full diamond interchange. The 252 feet of frontage on Power Rd. makes the multi-tenant building highly visible to over 46,000 cars per day. 


Dense Trade Area

Located in the heart of the East Valley, serving major cities such as Mesa, Chandler, Gilbert, Tempe, Apache Junction, and Queen Creek.


Regional Mall Proximity 

Superstition Springs Mall has 1.2 million sq. ft. of retail and attracted over 2.63 million customers in the last year. Mesa Pavilions’ is a direct beneficiary, as 12% of the visitors come from the Regional Mall, or visit directly after (Placer.ai data).

Last Updated Date: 15 Sep 2021
Patrick Dempsey
Patrick Dempsey
Managing Director, Capital Markets
License details
AZ-SA035365000
Patrick Anthon
Patrick Anthon
Analyst

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Last Updated Date: 15 Sep 2021

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