1042-1140 N Higley Rd | Mesa, AZ 85205
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1042-1140 N Higley Rd
Mesa, AZ 85205
Northpoint Village Center · Retail Property For Sale
Investment Highlights
- Value Add Opportunity as the Building is Currently 69% with Immediate Opportunity to Lease the remaining ±35,048 SF
- Recent Anchor Tenant Investments & Commitments to Site Including Basha's $1M Remodel in 2017
- Offered Significantly Below Replacement Cost with an Attractive NOI/SF of $6.12
- In-Fill Location with high Barriers to Entry due to rising Construction Costs & existing Rental Rates
- New adjacent Residential Development with KB Homes Constructing 435 Homes Directly Across Northpoint Village
- Diversified Tenant Roster with Daily Needs Draw including Internet Resistant Service, Home Repair, Medical, and more
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
113,518 SF
Building Class
C
Year Built
1987
Percent Leased
69%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
2 Exterior
Building FAR
0.22
Lot Size
12.04 AC
Zoning
C-2, Mesa - Commercial
Parking
600 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
757 FT on Brown Rd
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 140-01-681 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,309,423 |
PROPERTY TAXES
Parcel Number
140-01-681
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,309,423
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