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2848 W Sweetwater AvePhoenix, AZ 85029
2848 West Sweetwater Avenue
Asset ClassIndustrial
Weighted Average Lease Term3.5 Years
% Leased: 100%Access Data Room
±39,950 SF Free-Standing Industrial Building
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Overview

EXECUTIVE SUMMARY

Cushman & Wakefield’s Phoenix Industrial Private Capital Group is pleased to offer the extraordinary opportunity to acquire the 100% fee simple interest 2848 West Sweetwater Avenue, an infill industrial warehouse located in Phoenix, AZ (“The Property”). This premier asset consists of one, multi-tenant industrial building totaling ±39,950 SF on ±3.14 acres. The Property is currently 100% leased to two tenants with 3.5 years of weighted average lease term remaining.

 

The Property is located in the rapidly growing Deer Valley submarket, which has recently received record demand from investors and users for (i) its close proximity to the Loop 101, I-17 & SR-51 freeways (ii) access to the two most active container ports in the U.S. (Los Angeles and Long Beach); and (iii) the recent development of TSMC, a Taiwan semiconductor manufacturer, which is building a $65 Billion dollar plant with majority of its funding provided by the U.S federal government. This has resulted in vacancies to compress to a historic low and rents to skyrocket. The Deer Valley submarket has benefited immensely from the overflow of the Inland Empire, as well as an influx of advanced manufacturing tenant demand from suppliers moving to Phoenix and to serve the TSMC plant.

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2848 W Sweetwater AvePhoenix, AZ 85029

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Listing provided by Revere CRE