EXECUTIVE SUMMARY

Cushman & Wakefield’s Phoenix Industrial Private Capital Group is pleased to offer the opportunity to acquire the 100% fee simple interest in 525 West 21st Street, an industrial warehouse located in Tempe, AZ (“the Property”). This premier asset consists of one industrial building totaling ±116,516 SF on ±5.50 acres. The Property is currently 100% leased to Lucid Motors, a pioneering electric vehicle company manufacturing high-performance cars through cutting-edge technology and innovative design. Currently the rents are approximately ±24% below market, offering a compelling opportunity to drive net operating income growth by marking rent to market with 1.5 years of lease term remaining.

Strategically located in one of Phoenix’s most sought-after industrial submarkets, the Property offers exceptional access to Phoenix Sky Harbor International Airport and direct connectivity to SR-143 and I-10 - placing it at the heart of the Valley’s logistics and distribution network. The Sky Harbor submarket continues to benefit from strong and sustained industrial tenant demand, underpinned by several strategic advantages. This includes access to a large, cost-effective labor pool, a low cost of living, and a business-friendly regulatory environment that attracts a wide range of industrial users. Additionally, its proximity to the nation’s two busiest container ports, Los Angeles and Long Beach, supports efficient inbound logistics via an integrated network of freeways.