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July 18, 2019
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AZ Office Asset Trades in $15.6 Mil Transaction


Mesa Corporate Center, a 106.2k sf office property in Mesa, AZ, was purchased by Buster's Bounce Texas LLC, out of Escondido, for $15.625 mil ($147/sf). The property, located at 1001 W. Southern Ave, was sold by Newport Beach-based Buchanan Street Partners.

Constructed in 2000, Mesa Corporate Center is a Class A, two-story, multi-tenant property. The property features a two-story lobby, large and efficient floor plates, as well as building and monument signage. Situated on 8.3 acres, Mesa Corporate Center enjoys extensive visibility along Southern Avenue—a major east/west arterial and offers immediate access to the trade area which is packed with amenities, including over a dozen restaurants within walkable distance.

The property is currently 94.5% occupied by desirable collection of national and local corporations including Allstate Insurance, Adtalem Global Education, Allied Universal Security, Teledoc, and Kimley-Horn.

Eric Wichterman, Mike Coover, Jerry Noble and Greg Mayer of Cushman & Wakefield Phoenix represented both parties in the transaction.

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