Cushman and Wakefield’s National Industrial Advisory Group, as the exclusive advisor, is pleased to present an exceptional opportunity to acquire the lease-hold interest in Pima Center (“the Property” or “the Portfolio”), a 13-building trophy industrial park, located in the coveted Scottsdale Industrial submarket. The Property comprises 721,869 SF situated on ±53.68 acres within a 209-acre master-planned park. Historically, this submarket has had the lowest vacancy rate in Metro Phoenix, and Pima Center stands as a testament to the location achieving some of the highest rents in the area with no new developments in the pipeline. The opportunity represents a once-in-a-lifetime chance to purchase one of the most premier, institutionally owned industrial parks in Phoenix’s best-performing submarket, which is being sold for the first time since construction. The Property is on a ground lease with the Salt River Pima-Maricopa Indian Community, which runs through 2088 (64 years remaining), a factor that will continue to limit any future competitive developments.

Pima Center is currently 100% leased to 45 tenants with a weighted average lease term of 6.0 years. In-place rents are 28% below market rents offering the continual potential to increase yields through mark to market opportunities. The Portfolio’s diverse tenant mix ensures stability, with a balanced rollover profile that minimizes leasing risk.

The Property’s incredible visibility and strategic location situated along the Loop 101 Freeway, ensures sustained tenant demand, in one of the most supply contrained markets due land costs and difficultly to entitle SRPMIC leased land. The presence of major companies and distribution hubs surrounding Pima Center including McKesson, Vanguard, Mayo Clinic, Kahala Brands, Honor Health, and Nationwide Insurance highlights the submarket’s importance as a logistical and industrial hub in the region. Additionally, its proximity to other key highways, such as Interstate 10 and State Route 202, and easy access to Phoenix Sky Harbor International Airport, facilitate efficient movement of goods and services. In additional to the plentiful amenities surrounding Pima Center, on site The Block has about 10 restaurants within walking distance. The Scottsdale location also provides immediate proximity to the most expensive executive housing market in Arizona (North Scottsdale and Paradise Valley).