Overview
Stream Realty Partners is pleased to exclusively offer the opportunity to engage in a sale-leaseback agreement for 925 E Salter Drive, an industrial facility in the Deer Valley / Pinnacle Peak submarket, fully occupied and owned by Global Healing Center. At the Close of Escrow, the Seller will sign a new lease at a negotiated lease term at today’s market appropriate rental rates. With a building area of 24,702 square feet, the proposed structure will allow a long term investor a strong yield at market rate escalations, exceptional corporate credit and commitment to the asset, and exposure to a premier submarket in North / Northwest Phoenix.
Investment Highlights
Location / Deer Valley Submarket
925 E Salter Dr is strategically located in the Deer Valley industrial submarket. The property is positioned perfectly just north east of the Loop 101 and Interstate 17 intersection. One of the big demand drivers of the Deer Valley submarket is suppliers and servicer providers drafting off of Taiwan Semiconductor Manufacturing Co.’s Facility just 13 miles north along I-17. TSMC’s $40 billion investment has drawn and will continue to draw tenant demand and industrial interest to the surrounding area. 925 E Salter Drive also benefits from close proximity to Phoenix Deer Valley Airport, and AZ-51, as well as blue collar labor from the west and white collar labor from neighboring areas such as Scottsdale, Glendale and Peoria.
Investment Profile
This sale leaseback opportunity provides investors the ability to acquire a well located, quality asset and achieve a market rental rate and escalations with a tenant that is committed to the space. The total dollar size of this opportunity allows a great investment size and entry into one of the top performing submarkets in Phoenix with continued growth ahead.
Tenant Profile
Global Healing Center (GHC), is a tenant committed to this facility for the operation of their business. With current improvements done at the highest quality, GHC has already made significant investments into their space and use this building as a mission critical facility for the production, encapsulation, and packaging of their products.
Building Quality
925 E Salter Drive is the only production facility used by Global Healing Center for their entire operation. Tenant improvements were added to specifically meet their needs, which have bolstered both the aesthetic and functionality of the building. This asset provides a potential buyer a quality addition to an existing portfolio or perfect entry point into a new market. The property has great surrounding amenities and features a secured yard, ample parking, LED lighting, 100% climate controlled warehouse and office, ESFR sprinkler system, and is FDA approved, as well as Kosher Certified, Organic Certified and CGMP Certified.
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