RevereCRE

Mesa South Shopping Center

1230 S Gilbert Rd, Mesa, AZ 85204, United States

Mesa South Shopping Center

Infill Southeast Valley Location | Value Add Priced Below Replacement Cost | Immediate Upside Potential

Access Data Room
Deal Size
$16.4 M
Property Type
Retail
Deal Type
Acquisition
Risk Profile
Value-Add

Cushman & Wakefield’s Retail Investment Advisors, as exclusive advisors, is pleased to present the opportunity to acquire Mesa South Shopping Center (the “Property”), a 133,663 square foot multi-tenant shopping center featuring Big 5 Sporting Goods, Harbor Freight and Dollar Tree as anchors, located at the southwest corner of Gilbert Road and Southern Avenue in Mesa, Arizona.

 

Offering Highlights

  • Infill Southeast Valley Location
  • Value Add Priced Below Replacement Cost
  • Immediate Upside Potential through 19,600 SF of Lease Up
  • All Anchors Recently Renewed or Executed Options
  • Existing Assumable Financing Available

Mesa South Shopping Center is situated on approximately 17.33 acres of land and is located in a densely populated, infill location of the southeast valley. Located at the southwest corner of Gilbert Road and Southern Avenue, just a quarter-mile from the full-diamond interchange at the US Highway 60 and Gilbert Road that carries over 230,000 vehicles per day.

 

The Property is currently 85.3% leased to a diverse internet resistant tenant roster led by Big 5 Sporting Goods, Dollar Tree, and Harbor Freight along with several other local retailers. Mesa South Shopping Center offers immediate upside potential through the leaseup of 19,600 square feet of available space.