Cushman & Wakefield’s Phoenix Industrial Private Capital Group is pleased to offer the extraordinary opportunity to acquire the 100% fee simple interest in Deer Valley Airport Industrial Portfolio (“The Portfolio”). This collection consists of two, 100% leased, freestanding infill industrial properties totaling ±80,030 SF and is located in the highly sought after Deer Valley sub-market. Deer Valley’s industrial demand has seen tremendous growth driven by the state’s ever-growing semiconductor and advanced manufacturing industries, specifically TSMC’s brand new, world renowned chip-manfuacturing plant.
The Portfolio is strategically located less than 1 mile to the Deer Valley Airport and just 3 miles to the I-17 Freeway. The Deer Valley sub-market has received record demand from investors and users for (i) its close proximity to the Loop 101, I-17 & SR-51 freeways (ii) access to the two most active container ports in the U.S. (Los Angeles and Long Beach); and (iii) the recent development of TSMC, a Taiwan semiconductor manufacturer, which is building a $65 billion plant with majority of its funding provided by the U.S federal government. This has resulted in vacancies to compress to a historic low and rents to skyrocket.
Deer Valley Airport Industrial Portfolio is one of three industrial offerings being concurrently sold by the owner, consisting of 6 unique properties in total. The opportunities offer the ability to acquire individual assets, a combination of assets or the entire consolidated portfolio.
For portfolio information please call Will Strong, Phil Haenel or Michael Matchett.