Cushman & Wakefield’s National Industrial Advisory Group, as exclusive advisor, is pleased to arrange a joint venture equity investment on behalf of ATLAS Capital Partners (“the Sponsor”) in ATLAS Low Coverage Industrial (“the Property” or “Project”). The Project will be comprised of four brand new, shallow-bay industrial buildings totaling 250,000 SF, each with ±7.9 to ±8.6 acres of excess yard. This unique, low-coverage design allows a potential partner to capitalize on the deepest part of the tenant demand, while differentiating themselves from nearby supply.
ATLAS Low Coverage Industrial will consist of state-of-the-art features including dock-high doors, ESFR sprinklers, generous parking, substantial power, and market leading excess yard spaces. Furthermore, the Property is strategically located just minutes from the Loop 202 and US-60.
The demand for low coverage industrial buildings in the Phoenix Metro area has been surging, driven by the region’s rapid economic growth, the expansion of e-commerce, and the influx of small to mid-sized businesses seeking flexible and efficient spaces. These buildings are particularly appealing due to their versatility, catering to a variety of uses, including warehousing, light manufacturing, and distribution. The Project also caters to owner-users in the market and is expected to generate significant interest from tenants who want to own their own space. The market for low coverage industrial properties with Industrial Outdoor Storage continues to experience strong occupancy rates, providing a potential investor with a rare opportunity to capitalize on the robust demand in this sector. Additionally, the low-coverage nature of this opportunity is a natural fit for IOS specific groups looking to strategically add new, Class-A space to their portfolios.
ATLAS Capital Partners is a multi-disciplined real estate development and investment management firm based in Phoenix, with a solid track record of developing, owning, and investing in a diverse range of property types across the Midwest and Southwest. Their deep local expertise and successful history position them as an ideal partner to deliver attractive proforma returns in this high-demand industrial market.