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5615 S Sossaman
5615 S. Sossaman
Mesa , AZ 85212
Real Estate Type: Aviation
Square Feet: +/- 48,006
Project Overview
Default left 48,000 SF vacancy
Combination of class A office and hangar space
One of the most actively developing airports in the USA
Challenge
Large vacancies with nearly 25% office (no pure use)
Tough capital markets environment
Aviation use attracts non-qualified parties
Solution
Teamed up with CBRE Seattle for Aviation expertise and super team for tours/calls
Multi-pronged marketing approach for lease and for sale, eblasts nationally, calls to users and door knocking
Results
Incredibly competitive environment created.
Multiple full prices and above ask offers for lease and sale
Long term tenant secured to increase NOI for future disposition.
Client
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