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1002 S 54th AvePhoenix, AZ 85043
1002 South 54th Avenue
Asset ClassIndustrial
±94,186 SF Single Tenant Industrial Building
overview of deal

Overview

EXECUTIVE SUMMARY

 

Cushman & Wakefield’s Phoenix Industrial Private Capital Group and KBC Advisors are pleased to offer the opportunity to acquire the 100% fee simple interest in 1002 South 54th Avenue Phoenix, AZ (“The Property”). This premier, stabilized asset consists of one industrial building totaling ±94,186 SF on ±4.20 acres. 1002 South 54th Avenue is currently 100% leased to a strong credit tenant, Copper State Bolt & Nut Company with 9.5 years of lease term remaining and 3.5% annual increases.

 

The Property is located in the Southwest Phoenix Industrial Submarket just south of the ever-growing I-10 corridor. The rising dependence of e-commerce and 3PL tenants has benefited the area as demand for warehouse and logistics space has significantly increased in the submarket due to nearby railroad access and I-10, I-17, Loop 101, Loop 202 freeways. This submarket has become one of the most sought-after locations for new speculative development in the last five years due to its proximity to other Mountain West regions. Furthermore, this area is primed for stable investment opportunities with strong local and regional tenants, consistent rent growth and robust demand from users across Metro Phoenix.

 

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1002 S 54th AvePhoenix, AZ 85043

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Listing provided by Revere CRE