deal image
3333 S 7th StPhoenix, AZ 85040
Phoenix Airport Logistics Center
Asset ClassIndustrial
% Leased100%
# Tenants: 5Square Feet: 393,484Access Data Room
Class-A Industrial Multi-Tenant Cross-Dock Building | 393,484 SF | 100% Leased to 5 Tenants with Amazon Anchoring 33% | Rents 54% Below Market with 3.0 Years of WALT
overview of deal

Overview

Cushman & Wakefield’s National Industrial Advisory Group, as exclusive advisor, is pleased to offer the extraordinary opportunity to acquire the 100% fee simple interest in Phoenix Airport Logistics (“PAL”) located at 3333 South 7th Street, Phoenix, AZ (the “Property” or “Project”). The Property is situated on +23 acres in the highly coveted infill Airport submarket of Phoenix, one of the top job creating economies in the U.S. Phoenix Airport Logistics has unparalleled accessibility to Metro Phoenix and is conveniently located near Loop-202, I-10, I-17 and US-60.

  • Class-A Industrial multi-tenant cross-dock building totaling 393,484 SF
  • Top performing industrial submarket
  • Functional building design with dock and grade loading
  • Rents 54% below market with 3.0 year WALT
  • Staggered lease rollover with balanced rent roll
  • Amazon anchors and occupies 33% of the building

Phoenix Airport Logistics presents an exceptional investment opportunity to acquire a fully leased, state-of-the-art industrial building with stable tenancy. The Property boasts a weighted average lease term of 3.0 years and its mark-to-market profile will allow the future owner to roll the current in-place tenants to market rents. The building’s prime location provides unrivaled accessibility to major transportation linkages which connect the tenant base to the entire metro, California, and Mountain West region, enhancing tenant convenience and market competitiveness.

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3333 S 7th StPhoenix, AZ 85040

Sales Team

Will StrongExecutive Vice Chair+1 602 413 9991will.strong@cushwake.com
Molly HuntSenior Associate+1 602 361 9501molly.hunt@cushwake.com
Dean WileySenior Associate+1 602 224 4420dean.wiley@cushwake.com

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