Cushman & Wakefield’s National Industrial Advisory Group, as exclusive advisor, is pleased to offer the unique opportunity to acquire the 100% fee simple interest in Goodyear Airport Industrial Portfolio (“The Portfolio”). This portfolio features two (2) institutional quality industrial buildings totaling 725,303 SF located in the high-growth market of Phoenix. The Portfolio is 100% leased to two, high-quality tenants: Meyer Burger and NPSG Global with a weighted average lease term (WALT) of 4.9 years.
These properties are located in the highly desirable Southwest Valley industrial submarket of Metropolitan Phoenix and are only 2 miles (approximately a four-minute drive) to a full-diamond interchange at the Interstate 10 Freeway. The Southwest Valley benefits from strong industrial tenant demand driven by (i) available and affordable labor pool; (ii) low cost of living and favorable business climate; (iii) access to the two most active container ports in the U.S. (Los Angeles and Long Beach); and (iv) ability to service major population centers.
Goodyear Airport Industrial (2250 S. Litchfield Road) is a 450,619 SF multi-tenant cross dock building occupied by Meyer Burger, a global leader in innovative solar energy solutions and NPSG Global, a logistics company delivering critical e-fulfillment warehouse implementation services.
This offering is a unique core investment opportunity to acquire two fully leased, state-of-the-art industrial buildings with long-term tenancy and located in the heart of one of the best performing markets in the U.S.
The Southwest Valley submarket is one of the strongest submarkets in the metro given its access to major transportation networks and a highly skilled workforce. This submarket has the highest YTD absorption across the metro at 9.8 MSF.
The Properties are being offered for sale on a portfolio or single-asset basis.