Cushman & Wakefield’s National Industrial Advisory Group is pleased to present the opportunity to acquire Germann Shallow-Bay Logistics Park (the “Property” or “Portfolio”), a premier, Class A, two-building shallow-bay industrial portfolio totaling ±140,430 SF in Chandler, Arizona. Delivered in 2023 and situated within the highly sought-after Chandler Airpark submarket, the Property offers investors the opportunity to acquire modern infill industrial product within one of Metro Phoenix’s most established technology, aerospace, semiconductor, and advanced manufacturing corridors.
Both buildings are 100% leased to MEI Rigging & Crating, one of the largest U.S. providers of industrial rigging, machinery moving, crating, and logistics solutions, with 2.5 years of WALT remaining, providing durable in-place cash flow with compelling near-term mark-to-market potential. In-place rents are approximately 18% below current market rates, positioning investors to capitalize on embedded rental upside as the existing lease approaches expiration.
Building A, a ±60,508 SF facility located at 1640 East Northrop Boulevard, features 28’ clear height, 8 dock-high doors, 12 grade-level doors, 123 auto parking spaces, ESFR fire protection, full HVAC, LED lighting, and 2,000 amps of power. The building also benefits from prominent frontage along East Germann Road. Building B, a ±79,922 SF facility located at 1660 East Northrop Boulevard, offers 32’ clear height, 8 dock-high doors, 8 grade-level doors, 121 auto parking spaces, ESFR fire protection, full HVAC, LED lighting, and 2,000 amps of power. Together, the buildings share a fully-secured 190’ concrete truck court providing excellent loading and circulation. The buildings offer flexible layouts that can be demised for multi-tenant use.
The Property is a 26.22-acre master-planned industrial park comprising four Class A buildings (each separately parceled) in an infill location immediately adjacent to Chandler Municipal Airport. The broader development is fully occupied, with Building C leased to Wedgewood Village Pharmacy and Building D leased to Fullscript, further demonstrating the depth of demand for high-quality industrial space within the park. Building D additionally benefits from prominent Loop 202 freeway frontage.