- For sale
Mixed-use community center for sale at the southwest corner of Country Club Drive and Southern Avenue in Mesa, Arizona, just one-quarter mile north of a full diamond interchange with US Highway 60. Southern Sunset Plaza offers ±200,091 square feet of building area on ±17.03 total acres, consisting of a ±13.85 acres mixed-use center, a ±0.85 acres Taco Bell parcel, and a ±2.38 acres 24-7 Intouch parking lot. Asking price is $37 million ($185 per square foot).
Colliers, as exclusive advisor, is pleased to present the opportunity to acquire Southern Sunset Plaza (the “Property”), a ±200,091 square foot mixed-use community center anchored by two institutional-quality office tenants providing long-term cash flow stability in 80% of the Property. The Property is strategically located at the key intersection of Southern Avenue and Country Club Drive, in Mesa, Arizona, just one-quarter mile north of a full diamond interchange with US Highway 60.
Southern Sunset Plaza is anchored by 24-7 Intouch which occupies 112,114 square feet, and Banner Health in 21,000 square feet; both on long-term leases. At this location since 2016, 24-7 Intouch is a global contact management leader that serves the world’s top corporations and employs more than 1,100 crew members from this location.
In January 2021, Banner Health opened this state-of-the-art clinic to serve the surrounding densely populated neighborhoods. Additional building occupants include the dental hygiene associate degree program of Carrington College, a Taco Bell, along with a discount merchandiser, a dry cleaner, and other shops. Co-occupants at Southern Sunset Plaza include Chase Bank, McDonalds, and Starbucks – global brands that provide another stamp of approval to this highly-trafficked campus-like community center.
The 86.1% leased campus offers investors a significant opportunity to enjoy stabilized, reliable income from institutional-quality occupants, while creating additional cash flow and improved value thru leasing the remaining spaces.