Turnkey Offices & Hangars at Falcon Field 2550 N Thunderbird Cir

Thunderbird Executive Plaza provides the incredible opportunity to acquire an income-producing, mixed-use office and industrial facility with a prime location adjacent to Falcon Field Airport in Mesa, Arizona. The property is currently 90% occupied, with anchor tenant NextCare in ±70% of the building. The anchor is currently dark, with a lease expiring in November 2025, providing an advantageous chance for a new user to collect existing revenue while scaling their business into the space. The remaining tenant, Edward Jones, has recently signed a new lease expanding its space in the building. Investors can leverage the local submarket's shrinking vacancy rate and growing asking rents to capture a substantial lease upside.

Thunderbird Executive Plaza’s versatile mix of high-quality office spaces and aviation-focused industrial hangars are equipped with quality features that help the property stand out. The offices comprise a total of 35,452 square feet across three stories, with flexible floorplans that include private and collaborative offices. The property boasts a new roof, a large viewing deck of the airport, and a total of 194 parking spaces, including 34 covered spaces. The facility is equipped with 10 on-site hangars, for a total of 17,903 square feet with Schweiss bifold doors (sizing chart here:https://www.bifold.com/airplane-size-chart.php) The hangars’s oversized bifold doors easily accommodate both vehicles and aircraft, creating strong synergy with the more than 130 businesses that call Falcon Field Airport home.

Falcon Field is a general aviation (GA) reliever airport that serves as an alternative for civilian and military aviation uses (such as business, recreation, and fixed-wing and helicopter flight training) so that Phoenix Sky Harbor International Airport and Phoenix-Mesa Gateway Airport can focus on international and commercial airline services. Neighboring employers include MD Helicopters, Northrop Grumman, Amazon, and Boeing. The Boeing Company is Arizona’s top ranked aerospace/defense manufacturer that employs nearly 5,000 throughout the state, with its largest concentration in Mesa adjacent to Falcon Field.

Thunderbird Executive Plaza offers businesses an easily reachable location just minutes from the Red Mountain Freeway (Highway 202). The Freeway easily connects with Highways 87 and 60, providing convenient reach across the greater Phoenix metro area. The surrounding area is a vibrant destination with national retail amenities, quality residential neighborhoods, and lush golf courses within five minutes of the subject property.

With a population of 517,496, Mesa, Arizona, is the second-largest city in the Phoenix-Mesa metro area and is larger than Miami, Minneapolis, Atlanta, and St. Louis. Mesa encompasses 138 square miles inside the metro area, which has a population of 5 million and is projected to grow to 5.2 million by 2028. Mesa’s strong economic development, along with the state’s pro-business ideology, has attracted a variety of industries, including healthcare, education, aerospace/aviation, and technology.