(3) VALUE-ADD FLEX R&D BUILDINGS
The subject property consists of (3) Flex R&d buildings totaling 46,560 SF and built in 2004. Located
across the street from Phornix-Mesa Gateway Airport and adjacent to AZLabs, a premier research
facility, and Arizona State University Polytechnic.
The property is priced well below replacement cost and is currently 65% occupied. All vacant suites
are second generation, some of which have high quality improvements that may facilitate leasing to tenants.
The parking ratio is 3.50 per 1,000, some of which is covered. This large amount of parking creates flexibility
for parking intensive users.
No Real Property Tax*
(*Subject to Ground Lease)
Military Reuse Zone (MRZ)
Foreign Trade Zone (FTZ)
Private Activity Bonds
Job Tax Credits for new jobs created
Job training funds available
HUB Zone Eligible