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1031 E Riverview Dr, Phoenix, AZ 1020 E University Dr, Phoenix, AZ 450 E Elliot Rd, Chandler, AZ 5153 W Fillmore St, Phoenix, AZ 4110 W Washington St, Phoenix, AZ
Project V6
Asset ClassIndustrial
Six Highly Functional Infill Shallow Bay Assets Totaling ±393,140 SF | 100% Leased to 9 Tenants - 4.1 Years of WALT Remaining | 37% Mark-to-Market On In-Place Rents
overview of deal

Overview

Cushman & Wakefield’s National Industrial Advisory Group, as the exclusive advisor, is pleased to offer the opportunity to acquire the 100% fee simple interest in the Project V6 (the “Portfolio”).

 

The Portfolio consists of six shallow-bay industrial buildings strategically located across key infill Phoenix submarkets. Spanning a total of 393,140 SF across 23.8 acres, the Portfolio is 100% leased to nine tenants and provides a diversified income stream with a weighted average lease term (WALT) of 4.1 years. The staggered lease expirations present a compelling opportunity to capture embedded rental growth, as in-place rents are approximately 37% below market.

 

Building sizes range from approximately 39k to 104k SF and feature highly functional configurations designed to accommodate small- to mid-size users. The assets incorporate modern industrial features, including a mix of dock-high and grade-level loading, fire sprinkler systems, predominantly HVAC warehouse environments, and power configurations suitable for a range of tenant uses. Several properties benefit from below-market site coverage, offering excess yard, parking, and enhanced circulation—an increasingly limited feature across Metro Phoenix industrial assets.

 

The Portfolio’s combination of scale, functionality, and mark-to-market opportunity positions it to deliver both durable in-place cash flow and near-term income growth.

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1031 E Riverview DrPhoenix, AZ 85034

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