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2848 W Sweetwater AvePhoenix, AZ 85029
2848 West Sweetwater Avenue
Asset ClassIndustrial
±39,950 SF Free-Standing Industrial Building • 100% Leased to 2 Tenants • 3.8 Years WALT • Rents 31.8% Below Market • Strategic Infill Location in Deer Valley
overview of deal

Overview

Cushman & Wakefield’s Phoenix Industrial Private Capital Group is pleased to present the rare opportunity to acquire the 100% fee simple interest in 2848 West Sweetwater Avenue, a highly functional infill industrial warehouse located in Phoenix, Arizona (“The Property”). This premier asset is comprised of one single, multi-tenant industrial building totaling approximately ±39,950 SF on ±3.14 acres.

 

Designed with institutional-quality functionality, the Property features 22’ clear height, seven dock-high doors, two grade-level doors, and a secure, gated truck court. This combination of modern loading capabilities and secure site design makes the asset ideally suited to meet the demands of a wide range of industrial users, from distribution to advanced manufacturing.

2848 West Sweetwater Avenue is 100% leased to two tenants, providing a weighted average lease term (WALT) of 3.8 years. This stabilized tenancy ensures durable cash flow while also offering medium-term rollover opportunities. With in-place rents positioned well below market, investors have the potential to marking rents to market upon lease rollover.

 

Located in the rapidly growing Deer Valley submarket, the Property benefits from near-immediate access to the Loop 101, I-17, and SR-51 freeways, providing seamless connectivity to the Ports of Los Angeles and Long Beach, as well as the transformative presence of Taiwan Semiconductor Manufacturing Company’s $165 billion fabrication plant. These demand drivers have fueled historic absorption, pushed vacancies to record lows, and accelerated rental growth, while also attracting an influx of advanced manufacturing tenants and suppliers to the Phoenix Metro.

 

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2848 W Sweetwater AvePhoenix, AZ 85029

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Listing provided by Revere CRE