Cushman & Wakefield’s Phoenix Industrial Private Capital Group is pleased to present the opportunity to acquire 779 North Colorado Street (“the Property”), a ±48,382 SF industrial facility situated on approximately 4.16 acres in Gilbert, Arizona, one of the most desirable and supply-constrained industrial submarkets in Metro Phoenix’s Southeast Valley. The Property is 100% leased to Rigid Industries, Inc., a manufacturer of high-performance LED lighting systems, with approximately 1.3 years of remaining lease term, providing investors with stable in-place income while offering a clear opportunity to capture future upside. Current rents are estimated to be approximately 44% below market, presenting a compelling mark-to-market opportunity in a highly competitive industrial corridor.

Originally delivered in 2004, 779 North Colorado Street features 22’ clear height, four dock-high doors, two grade-level doors, and a fully secured 160’ truck court with separate ingress and egress points for passenger vehicles and trailer access, allowing for efficient distribution and manufacturing operations. The facility is further supported by 1,200 amps of 277/480V power, LED lighting, and an evaporatively cooled warehouse, creating a highly functional operating environment for industrial users.

The Property also includes ±18,261 SF of air-conditioned manufacturing space, providing an enhanced environment for specialized production and assembly operations. In addition, the site benefits from approximately 1.0 acre of excess yard area, offering flexibility for outdoor storage, operational expansion, or additional trailer parking—an increasingly valuable feature within the Southeast Valley industrial market.

Strategically located in Gilbert, Arizona, the Property provides convenient access to major transportation corridors, including Loop 202 (SanTan Freeway) and U.S. Route 60, connecting tenants to the broader Metro Phoenix logistics network. The site is located approximately 20 minutes from Phoenix Sky Harbor International Airport and 25 minutes from Phoenix-Mesa Gateway Airport, providing strong regional and national connectivity for distribution and manufacturing operations.