EXECUTIVE SUMMARY

Cushman & Wakefield’s Phoenix Industrial Private Capital Group is pleased to offer the unique opportunity to acquire the fee simple interest in 481 East Baseline Road, a Class A industrial building totaling ±25,220 SF located in Gilbert, AZ (“the Property” or “the Project”). The Property is currently 100% leased to four tenants with 1.8 years of weighted average lease term remaining. In-place rents are approximately 29% below market.

Built in 2020, the Project has Class A features designed to meet the growing demand for shallow-bay industrial users in the Southeast Valley submarket. This includes rear-load configuration, 20’ clear height, 10% office square footage, 10 grade level doors, 104’ building depth, and 95 car parking spaces.

The Property is strategically situated on Baseline Road and less than one mile away from Route 60, providing access to the entire metro Phoenix area via Loop 101, Loop 202 and Interstate 10.

481 East Baseline Road is centrally located in the highly desirable Southeast Valley industrial submarket of Metro Phoenix. The Southeast Valley has grown tremendously over the past few years with 7.2 million SF of net absorption since 2023. The submarket benefits from strong tenant demand driven by robust population growth, affordable labor, low cost of living, a favorable business climate, access to the two most active container ports in the U.S. (Los Angeles and Long Beach), and the ability to service major West Coast population centers. The Southeast Valley has emerged as the premier hub for cutting-edge digital companies like Meta, Google, and Apple, along with chip suppliers for giants such as Intel and TSMC.