MESA, AZ – Lee & Associates is pleased to announce the sale of the two-building Superstition Springs Business Park at 7307 and 7427 E. Hampton Ave. in Mesa for $13,985,000 ($138 PSF). The total square footage for the project is 101,411-square-feet. The transaction closed on September 12.
Lee & Associates Arizona brokers facilitated both sides of the deal. The seller, Hampton/Mesa, LLC was represented by principals Pat Dempsey, Jan Fincham, Chris McClurg and Matt Fredrick. The buyer, Allred Hampton DE, LLC of San Diego, CA was represented by principals Stein Koss, SIOR and Tom Louer, SIOR.
The two-building, single story flex industrial business park sold with an occupancy of 91.5%. The buildings were constructed in 1999 and in 2007. The buildings feature clear heights of 18’-28’, fiber optics and 8:1,000 parking ratio. Major tenants include GC Services and Norwegian Cruise Lines.
The property is just north of the Superstition Springs Mall and along side the U.S. 60 (Superstition Freeway).
To learn more Dempsey is at 602.954.3772; Fincham can be reached at 602.954.3754; McClurg is at 602602.954.3766; Fredrick can be contacted at 602.912.3532; Koss is at 602.912.3520; and Louer should be contacted at 602.954.3779.
