The Superstition Springs Business Park at 7307 and 7427 E. Hampton Ave. in Mesa, Arizona traded hands this past week as Hampton/Mesa sold the property to Allred Hampton DE of San Diego for $13,985,000 or $137.90 per square foot in a deal that closed on September 19. Lee & Associates brokered the deal, representing both the seller and buyer. Full terms of the deal were not disclosed. According to property records, the building previously traded hands in 2005 for $6,150,776, and refinanced in 2010 and 2013.
Constructed in 1999 and 2007, the two-building Superstition Springs Business Park features 101,411 square feet of flex/industrial space. Marketing brochures for the property boasted 91.5% occupancy prior to sale, with major tenants including 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).
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