Cushman & Wakefield’s National Industrial Advisory Group, as exclusive advisor, is pleased to offer the opportunity to purchase on a forward sale, 100% fee simple interest in the to-be-completed, Cove Logistics Center ("the Property" or "Project") located at 3755 West Van Buren Street, Phoenix, Arizona. With construction set to commence in the fourth quarter of 2023, the project will consist of one brand new Class A industrial building (easily divisible to two tenants) totaling 99,498 SF, situated on an 6.54 acre site, upon completion in Q3 2024.

Cove Logistics Center is strategically positioned on the border of the Sky Harbor and Southwest Valley submarkets of Phoenix and benefits from proximity to I-10, I-17 and Loop 202. The Property features 32' clear height, 130' truck court, 25 dock-high doors, two drive-in doors, separate access for trucks and auto traffic, and ESFR sprinklers.

The Property offers an investor the ability to acquire an exceptionally well-located asset in an under-served segment of the market, offering immediate value creation through the lease-up of the soon to be constructed property. Leasing fundamentals in the surrounding Airport and Southwest Valley submarkets remain steadfast, from the Loop 303 to I-17. Options for tenants are extremely limited at a 0.4% vacancy rate with over 5.9M SF of tenant requirements for space in the 20K-200K SF range, ideally positioning an investor to benefit from the demand imbalance with a best-in-class, newly delivered property.

The Project is a unique value-add investment opportunity, well positioned to capitalize on the overflow of tenant demand for industrial space from the Airport submarket to the Southwest Valley. The Property's ultra-infill location will allow for a potential buyer to minimize lease-up risk and capture immense upside making it a one-of-a-king investment opportunity.