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4633 S 36th St, Phoenix, AZ 4645 S 36th St, Phoenix, AZ 4639 S 36th St, Phoenix, AZ 3630 E Wier Ave, Phoenix, AZ 3640 E Wier Ave, Phoenix, AZ
Wier Thirty6 Business Park
Asset ClassIndustrial
% Leased100%
# Buildings: 9Square Feet: 104,146Access Data Room
Nine Freestanding Industrial Buildings Totaling 104,146 SF | Central Location in Phoenix's Airport Submarket | 100% Leased | 17% Below Market Rent | 4.3 Years of WALT
overview of deal

Overview

Cushman & Wakefield’s National Industrial Advisory Group is pleased to present an exclusive opportunity to acquire Wier Thirty6 Business Park (“the Project”). The project consists of nine separately parceled industrial buildings for a total area of 104,146 SF, ideally located in the infill Airport submarket of Phoenix. Currently 100% leased to nine tenants, it’s central location and unique configuration ensures long term success. The diversified tenancy reflects the Project’s strength of location dynamics.

 

• Top performing industrial submarket

• Unique freestanding building configuration

• Secured outside storage

• Multiple ingress and egress points

• Within five miles of six major freeways

• Functional business design with dock and grade loading

 

Wier Thirty6 Business Park offers a rare opportunity to acquire nine fully leased industrial properties, at a significant discount to replacement cost estimated to be ~$290 PSF . The lack of land available to build comparable product further secures the projects long term success. Additionally, the Properties have been institutionally managed and maintained.

 

• Stable cashflow with 4.3 years of WALT and a diversitied rent roll with credit tenancy

• Significant upside with rents 17% below market

• Under-supplied size segment with no new competitive product being delivered

• Persistent supply/demand imbalance creates durable rent growth

• Flexible exit strategies with the potential to sell individual buildings at a premium to users

• Property has achieved an average occupancy of 98% over the past 3-years

Access the Data Room
4633 S 36th StPhoenix, AZ 85040

Sales Team

Will StrongExecutive Vice Chair+1 602 224 4467will.strong@cushwake.com
Robert BuckleyExecutive Director+1 602 682 8240robert.buckley@cushwake.com
Tracy CartledgeExecutive Director+1 602 682 8242tracy.cartledge@cushwake.com
Molly HuntSenior Associate+1 602 361 9501molly.hunt@cushwake.com
Dean WileySenior Associate+1 602 224 4420dean.wiley@cushwake.com
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