4911 E FALCON Drive, Mesa, AZ 85215

$1,350,000
Property Type: Comm/Industry Sale Square Footage: 6,300 Lot Size (sq. ft.): 26,136 Status: Closed
Current Price: $1,350,000 List Date: 2/01/2023 Last Modified: 4/19/2025

Overview

Description

Airplane Hangar located within Falcon Field Airport (City of Mesa). Situated on a 0.61 AC lot and subject to a ground lease, the improvements consist of a ±6,300 SF block building that serves office, storage, and hangar uses. The upgrades also consist of a ±4,907 SF steel canopy equipped with water and power. The improvements were custom built for an aircraft painting facility (±3,000 SF painting booth and equipment also available for sale) in 2009. The ground lease (City of Mesa) currently expires on December 31st, 2048, and has a base rent of $703.57 per month (plus taxes).

Listing Details MLS# 6449235

Location, Tax & Legal

Map Code/Grid
Q41
House Number
4911
Compass
E
Street Name
FALCON
St Suffix
Drive
City/Town Code
Mesa
State/Province
AZ
Zip Code
85215
Zip4
2511
Country
US
County Code
Maricopa
Assessor Number
141-36-001-E
Tax Year
2021
Assessor's Map #
36
Legal Description (Abbrev)
ALL SEC 3 EX S2 SE4 & EX E 40F RD & EX W 55F RD & EX RD P/D 83-114684 & EX TH PT LY WI-IN REILLY AVI
Assessor's Parcel #
1
Assessor Parcel Ltr
E
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
420206
Taxes
0
Legal
ALL SEC 3 EX S2 SE4 & EX E 40F RD & EX W 55F RD & EX RD P/D 83-114684 & EX TH PT LY WI-IN REILLY AVI

Contract Info

Ownership
Other (See Remarks)

General Property Description

Type of Property
Airplane Hangar
Ttl Apx SqFt Bldg
6300
# of Buildings
Yes
Year Built
2009
Zoning
L1
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
Higley Rd and McKellips Rd
Directions
Off Loop 202, head south on Higley Rd. Turn right on Falcon Dr and property is within Falcon Field Airport.

Status Change Info

Off Market Date
2023-03-30
Under Contract Date
2023-03-29
Close of Escrow Date
2023-04-28

Legal Info

Township
1N
Range
6E
Section
3
Lot Number
-

More Information

Sold Info

Loan Type
Other
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Other
Yes

Roofing

Other
Yes

Floors

Other
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Industrial
Yes
Other (See Remarks)
Yes

Business Type

Other
Yes
See Remarks
Yes

Stories

Other (See Remarks)
Yes

Pmt & Rate Info

Equity
1450000
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

8.1 Feet to 10 Feet
Yes
16.1 Feet to 28 Feet
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Other
Yes
See Remarks
Yes

Interior Features

Other (See Remarks)
Yes

Loading Facilities

Other (See Remarks)
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Fencing

Other
Yes
See Remarks
Yes

Water Source

Other
Yes
See Remarks
Yes

Freeway/Highway

2.1 - 5 Miles
Yes

Sewer

Other
Yes

Parking Features

Other
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

New Financing

Other (See Remarks)
Yes

Reports/Disclosures

Vicinity of an Airport
Yes
Other (See Remarks)
Yes

Environmental

Other (See Remarks)
Yes

Property Features

Building Type: Industrial; Other (See Remarks) Business Type: Other; See Remarks Stories: Other (See Remarks) Construction: Other Roofing: Other Floors: Other Ceiling Height: 8.1 Feet to 10 Feet; 16.1 Feet to 28 Feet Heating: Other; See Remarks Cooling: Other; See Remarks Loading Facilities: Other (See Remarks) Interior Features: Other (See Remarks) Fencing: Other; See Remarks Parking Features: Other Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: Other; See Remarks Sewer: Other New Financing: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Other (See Remarks) Environmental: Other (See Remarks)
IDX
Listing Office: R.O.I. Properties
Last Updated: April - 19 - 2025
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