Overview
EXECUTIVE SUMMARY
Cushman & Wakefield’s Phoenix Industrial Private Capital Group is pleased to offer the extraordinary opportunity to acquire the 100% fee simple interest in 2800 South 36th Street, an industrial manufacturing property located in Phoenix, AZ (“the Property”). This premier asset consists of one, single-tenant freestanding infill industrial property totaling ±163,070 SF located in the Sky Harbor Airport submarket, one of the most desirable locations in the Phoenix Metro area.
The Property has immediate access to Phoenix Sky Harbor International Airport and I-10 freeway. The submarket benefits from remarkable 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 via an integrated network of freeways.
Investment Highlights
INVESTMENT THESIS
The property presents investors with an exceptional opportunity to acquire a stabilized industrial asset, leased to a financially strong tenant, situated in a high-growth submarket. Buyers can leverage the increasing demand for clean, efficient, advanced manufacturing space in a key market. The building is fully leased to Runbeck Election Services, a leading election printing company that provides cutting-edge production and technology solutions aimed at improving the accuracy, efficiency, and security of election services. With over 50 years in business, Runbeck has rapidly expanded to serve 31 states, processing 90 million votes nationwide. The facility is critical to their operations, with significant investments in improvements and upgrades, underscoring their commitment to both the property and the Phoenix market. The Property was a build-to-suit for the Tenant and an absolute triple-net lease will be executed at close of escrow.
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