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5404 W Montebello AveGlendale, AZ 85301
5404 W Montebello Ave
Asset ClassIndustrial
Land10.91 Acres
Year Built: 1989Rentable SF: 26,166% Leased: Access Data Room
Majority Paved ±10.91 Acre Gated & Secured IOS Lot | Infill Phoenix Location with Close Accessibility to I-17 & I-10 | Owner-User or Vacant Value-Add Opportunity
overview of deal

Overview

Institutional Property Advisors, a division of Marcus & Millichap, is pleased to present the opportunity to acquire 5404 W Montebello Avenue, (“Property” or “Asset”) a rare value-add ±10.91-acre industrial outdoor storage facility located within Glendale’s highly desirable Grand Avenue industrial corridor. The site has Bethany Home frontage and is immediately accessible to Grand Avenue (US 60).

 

Call for offers are due Tuesday, October 6th.

Investment Highlights

LOW-COVERAGE INDUSTRIAL SITE WITH SIGNIFICANT LAND VALUE

  • Rare ±10.91-acre infill industrial property improved with just ±26,166 SF of buildings, resulting in an exceptionally low 5.51% FAR
  • Majority of site value is derived from functional land rather than depreciating building improvements
  • Provides flexibility for investors, owner-users, IOS operators, fleet users, contractors, equipment rental firms, and outdoor storage tenants
  • Creates optionality for future redevelopment, expansion, repositioning, or continued IOS operations

 

RARE INFILL INDUSTRIAL LAND HOLDING

  • Large contiguous industrial sites within established Phoenix infill locations are becoming increasingly difficult to replicate
  • Physical barriers to growth and a mature surrounding development pattern limit future competing supply
  • Majority of industrial development activity has shifted toward peripheral submarkets, increasing the strategic value of infill locations such as Glendale

 

IDEAL INVESTOR OR OWNER-USER OPPORTUNITY

  • Businesses requiring storage-intensive operations can immediately occupy the site while avoiding construction and entitlement timelines
  • Three existing month-to-month tenants occupying 2.0 acres demonstrate current demand for the Property's functional industrial and outdoor storage space
  • Ability to customize existing improvements while utilizing the excess land for operational needs
  • Opportunity to secure a long-term foothold in an increasingly supply constrained infill industrial market
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5404 W Montebello AveGlendale, AZ 85301

Sales Team

Tivon Moffitt, SIORSenior Managing Director954.547.7212tmoffitt@ipausa.com
Peter Bauman, SIORSenior Managing Director602.370.6020pbauman@ipausa.com
Brett BakerSenior Financial Analyst641.799.2014bbaker@ipausa.com
Roman ShenkirykResearch Analyst602.363.5119rshenkiryk@ipausa.com
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