1944 South Greenfield Road | Mesa, AZ

Building Size (SF): 149,710

Land Size (Acres): 11.99 Acres

Status: Active

Description: Alignment acquired this single-tenant property in December, 2024 subject to an absolute NNN lease with the furniture and home goods store “At Home”.  The building basis of $74/sf and a land basis of $21/sf provide attractive re-leasing or redevelopment optionality in the event the tenant were to leave the site, an outcome Alignment believes is likely.  The going-in cap rate of 7.90% provides attractive cash flow with 2.00% annual rent bumps.