Cushman & Wakefield’s National Industrial Advisory Group, as the exclusive advisor, is pleased to offer the unique opportunity to acquire the 100% fee simple interest in Broadway 101 Commerce Park (“the Property” or “the Portfolio”). The Property comprises 11 trophy industrial buildings, spanning 52 acres, within a 67.5-acre master-planned park, centrally located in the heart of Metro Phoenix. The Property is strategically situated in the highly coveted infill Airport/Tempe area, one of the top job-creating economies in the United States.

The 808,419 SF project is currently 98% leased to 34 tenants with a weighted average lease term of 3.5 years. In-place rents are 22.5% below market rents and the Property’s diverse tenant mix ensures stability, with a balanced rollover profile that minimizes leasing risk. The Property boasts an award-winning design and layout, developed to meet the highest institutional standards.

Broadway 101 Commerce Park is located 0.5 miles of Loop 101, 1.5 miles of Loop 202 Freeway, and 1.75 miles of US-60 ensuring excellent connectivity and accessibility to major transportation routes. Additionally, the Property is within a 30-minute commute of 67% of the entire Phoenix Metro area population (+3 million people). A lack of available land and space options, coupled with escalating land and construction pricing, has created major constraints in the submarket. An infill location like this is nearly impossible to replicate in today’s market.

The Airport submarket benefits from remarkable industrial tenant demand driven by (i) available and affordable labor pool; (ii) low cost of living and favorable business climate; (iii) access to the two most active container ports in the U.S. (Los Angeles and Long Beach); (iv) ability to service major population centers via an integrated network of freeways; and (v) proximity to Sky Harbor International Airport (2.5 miles from the Property).