Just as the city and Maricopa Economic Development Alliance took occupancy of the first office building at Estrella Gin Business Park, the building was sold to a family group in Idaho for long-term investment in Maricopa, according to Shane Cook of eXp Realty.
City Council also has moved to approve development plans for a 47,200-square-foot flex office building across Estrella Parkway from the city’s building. A building permit review is already submitted.
The business park is on the north side of West Edison Road and North Estrella Parkway.
Cook said small-business owners seeking flex office space can get a letter of intent in place now. He encouraged interested tenants to call or email him with questions at 480-703-3316 or email@example.com.
Spaces as small as 2,700 square feet are likely available, with lease rates ranging from $18 to $23 per square foot NNN (triple net). All spaces have access to either a roll-up door or a truck well. Currently there is flexibility to design a space to fit a tenant’s needs. Estrella Gin Business Park, LLC expects to be able to assist with tenant improvements in owner credits and during construction with its general contractor partner, Construction Solutions Company, according to Cook.
EGBP also recently acquired about 2 acres at the northeastern corner of Edison Road and Estrella Parkway. That acreage, plus a 1.9-acre pad at the northwestern corner of the development, are prime spots for retail, drive-through, gym, banking, etc., Cook said. Both are available for lease on a build-to-suit basis.
EGBP still has flexible land along West Edison and North Loma roads for build-to-suit opportunities, including a hotel with the water park coming across the street. Others include office, flex office, retail and drive-through.