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6700 W Morelos PlChandler, AZ 85226
AVNET Building
Asset ClassIndustrial
% Leased100%
overview of deal

Overview

  • Single-tenant industrial building boasting 35 ft warehouse ceiling clearances and totaling ±231,454 square feet.
  • 100% leased by AVNET, Inc (NASDAQ: AVT, Fitch: BBB-), one of the world’s largest technology distributors.
  • Current in-place rent is approaching 60% below market, providing superb upside potential while benefiting from stable cash flow.
  • AVNET is currently reconfiguring the facility to accommodate the consolidation of another facility.
  • In July 2024, AVNET invested over $1MM into power upgrades, advanced air conditioning systems, and condenser unit enhancements into key customer lab space.
  • Building features ±45% warehouse, ±34% R&D/engineering/lab, and ±21% office space—an extremely rare and desirable configuration in the market.
  • Located at the convergence of the I-10 and Loop 202, providing near-immediate freeway access, freeway visibility, and access to a population of over 2.16 million people within a 30-minute drive.
  • Ideally located in the heart of ‘The Silicon Desert’, a trade area in the Valley that has become nationally renowned for its high concentration of technology companies.
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Listing provided by Revere CRE