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560 E Germann RdGilbert, AZ 85297
202 Business Park
Asset ClassIndustrial
Premier Nine-Building Shallow Bay & Light Industrial Campus | ±268,612 SF | 96% Leased to 18 Tenants | 3.4 Years WALT | Highly Desirable Location with Germann Road & Loop 202 Freeway Frontage
overview of deal

Overview

Cushman & Wakefield’s National Industrial Advisory Group is pleased to present the opportunity to acquire 202 Business Park (the “Property”), a ±268,612 SF multi-tenant shallow-bay industrial campus strategically located at 560–620 East Germann Road in the Chandler airport submarket of Phoenix, Arizona. Situated on ±23.67 acres and comprised of nine buildings, the Property is 96% leased to 18* tenants with 3.4 years of weighted average lease term (WALT). Constructed in 2008, 202 Business Park represents a rare opportunity to acquire an institutional-scale small and mid-bay industrial campus that features immediate cash flow and in-place rents 9.3% below-market, offering near-term mark-to-market upside.

 

Purpose-built to accommodate a broad range of industrial occupiers, the Property features specifications rarely found within comparable multi-tenant business parks, including 18’ to 30’ clear height, 31 grade-level doors, 29 dock-high doors, secured truck courts ranging from 55’ to 140’, and a combination of wet and ESFR sprinkler systems. These features, combined with a diverse suite configuration and abundant parking, have supported strong historical occupancy and position the campus to continue attracting a deep pool of prospective tenants. As demand for functional small and mid-bay industrial space continues to outpace available supply, opportunities to acquire professionally maintained, large-scale industrial campuses have become increasingly limited.

 

202 Business Park is strategically positioned within the highly desirable, infill Chandler airport industrial submarket, benefiting from frontage along both Loop 202 and East Germann Road, immediate regional connectivity, and proximity to Chandler Municipal Airport. The Property is surrounded by a concentration of advanced manufacturing, aerospace, technology, and logistics employers throughout the Chandler Airpark and Price Corridor, including Intel, Northrop Grumman, Wells Fargo, PayPal, NXP Semiconductors, and a growing roster of high-profile industrial users. Supported by significant barriers to new development and a limited inventory of comparable small and mid-bay product, Chandler remains one of Metro Phoenix’s strongest industrial submarkets, providing a compelling backdrop for long-term occupancy, rental growth, and value preservation.

 

*Ownership has a pending lease with a publicly traded pharmaceutical company for the remaining vacancy (Building 576 - 11,347 SF)

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560 E Germann RdGilbert, AZ 85297

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