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17210 W Olive AveWaddell, AZ 85355
Olive Logistics Center
Asset ClassIndustrial
Two Brand New, Trophy Industrial Buildings Totaling ±1.03 MSF | 100% Leased to DHL Supply Chain for 4.3 Years | Highly Desirable Loop 303 Corridor Location | Heavy Power (12,000 AMPS) | Combinability to ±1,137,007 SF
overview of deal

Overview

Cushman & Wakefield’s National Industrial Advisory Group is pleased to present the exclusive opportunity to acquire Olive Logistics Center (the “Property” or “Project”) through a REIT shares structure. The premier two-building logistics campus totaling ±1,032,079 SF is located in the heart of Metro Phoenix’s highly sought-after Loop 303 industrial corridor. Completed in 2025, the Property consists of Building 1, a ±611,797 SF distribution facility, and Building 2, a ±420,282 SF distribution facility, both 100% leased to DHL Supply Chain, a subsidiary of DHL Group, one of the world’s largest supply chain companies, with 4.3 years of remaining lease term and a five-year extension option.

Designed to meet the evolving requirements of modern logistics and distribution users, both buildings feature 40’ clear height, full-building HVAC, ESFR sprinkler systems, LED lighting, 12,000 amps of power, solar carports, secured and gated 190’ truck courts, and a combined 184 dock-high doors and 8 drive-in doors. The Property is further distinguished by LEED Gold certification, solar-ready infrastructure, and four points of ingress and egress.

 

Designed for maximum flexibility, the buildings can be combined to add ±104,928 SF of contiguous space, totaling 1,137,007 SF, positioning an investor to capture the strong bulk-leasing demand defining the Loop 303 submarket in a highly under-supplied market.

 

Strategically positioned along Olive Avenue just 0.3 miles from Loop 303 and approximately one mile from the interchange at Northern Parkway, Olive Logistics Center offers exceptional access to the region’s primary transportation network. The Loop 303 corridor has emerged as one of the most active and fastest-growing industrial markets in the Southwest, attracting substantial investment from global occupiers seeking modern logistics facilities with access to Metro Phoenix’s expanding labor force and regional distribution advantages.

 

Olive Logistics Center is surrounded by an established ecosystem of corporate occupiers, distribution facilities, and large-scale industrial investment that has transformed the West Valley into one of the nation’s premier logistics hubs. Supported by continued population growth, infrastructure expansion, and sustained tenant demand, the Loop 303 corridor continues to attract some of the world’s leading manufacturers, retailers, e-commerce users, and third-party logistics providers, reinforcing the long-term strategic importance of the location.

 

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17210 W Olive AveWaddell, AZ 85355

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