Cushman & Wakefield is pleased to present an exclusive opportunity to acquire the Phoenix Gateway Portfolio (“the Project” or “the Portfolio”). This collection includes six timeless industrial buildings with a total area of 860,249 SF, ideally located in the popular Airport submarket of Phoenix. The Portfolio is 100% leased to eight tenants with a WALT of 3.9 years, providing a stable income stream with additional net operating income upside as in-place rents are 24% below the market rate.

The buildings in the Portfolio cater to both multi-tenant park users as well as single tenant occupiers, with unit sizes ranging from 37,000 to 220,000 SF. 1007 East University Drive and 1000 South Priest Drive are single tenant buildings while the buildings on 40th and 41st Avenue cater to multi-tenant users. This variety offers a myriad of future leasing possibilities.

Each property in the portfolio offers excellent transportation links, situated near major routes including I-10, I-17, and SR-60, and benefits from the 22-mile extension of Loop 202. Additionally, their proximity to Downtown Phoenix means they’re close to one of the largest labor pools in the Western U.S. which includes a workforce of 2.4 million people.

The Phoenix Gateway Portfolio offers a remarkable opportunity for investors to acquire a unique collection of six infill industrial properties, occupied by eight tenants representing diverse industry sectors. With virtually no land available to build comparable properties, the Project is a unique opportunity of scale for institutionally managed and maintained assets, that are nearly impossible to replicate.

The Portfolio has an attractive weighted average lease term of 3.9 years with a staggered lease expirations that help reduce releasing risk and income volatility in any given year. The Project affords the incredible opportunity to increase Net Operating Income in the first four years by over 34%. Additionally, this Portfolio’s strategic locations in one of the nation’s highest-performing markets further enhances its investment appeal.