Cushman & Wakefield’s National Industrial Advisory Group is pleased to present the exclusive opportunity to acquire Pecos Gateway Business Park (the “Property” or “Project”). This premier, small-bay multi-tenant industrial park includes three (3) timeless industrial buildings with a total area of 125,896 SF located in Mesa, Arizona. The Project offers unparalleled regional connectivity and has a recognizable address on Pecos Road: a major arterial in the Southeast Valley.
Pecos Gateway Business Park is fully leased to 14 unique tenants with a weighted average lease term of 3.2 years, ensuring a stable income stream. In-place rents are 15% below market rent and the Property’s diverse tenant mix ensures stability, with a balanced rollover profile that minimizes leasing risk.
The three buildings offer a variety of bay depths along with truck wells and grade-level loading options, making them highly attractive to tenants serving the area. In addition, the range of these small-bay suites offer local and regional users space that is extremely difficult to find in Metro Phoenix, where there is a significant lack of inventory.
The Southeast Valley has emerged as the premier hub for cutting-edge digital companies including Meta, Google, and Apple. Notably, chip giants like Intel and TSMC, along with aerospace and electric vehicle leaders like Lockheed Martin and ElectraMeccanica, are investing in multi-billion dollar chip plants and manufacturing facilities within Mesa. This has transformed Phoenix into a dynamic and rapid growth market, attracting a diverse range of new tenants such as data centers, advanced manufacturers and semi-conductor suppliers. Pecos Gateway Business Park is strategically situated four minutes from the Gateway Freeway (SR 24), the state highway connecting the southeastern region of Phoenix, and is within a two-minute drive of Phoenix-Mesa Gateway Airport.