Marcus & Millichap is pleased to present the opportunity to acquire a high-quality cold storage facility located at 1055 N. 71st Ave. Phoenix, Arizona (“Property” or “Asset”). The Asset is a rare owner-user or value-add opportunity. The current tenant, Vision Produce Acquisition, LLC (“Tenant”), has a lease expiration of July 2026 with no renewal options. The existing rent is well below market rental rates, offering significant near-term upside and providing investors with a compelling mark-to-market opportunity within one year of acquisition. Furthermore, the Asset is provided well below replacement cost with the ability for a tenant or user to be in operation quickly.

This Asset is a +/- 32,842-square-foot, tilt-up warehouse constructed in 2007, on a +/- 3.33-acre lot. The building features highly functional and flexible cold storage totaling an estimated +/-15,000 (46%) split into eight (8) coolers, as well as +/- 3,950 SF of office buildout (12%) and significant dry storage warehouse capabilities. The building’s cold storage infrastructure is the property of ownership and the tenant does not have any rights to remove it.

The Asset offers 24-foot clear height and is equppied with six (6) grade-level roll-up doors and four (4) dock-high loading doors accomodate a wide range of operational needs.