Cushman & Wakefield’s Phoenix Industrial Private Capital Group and National Industrial Advisory Group is pleased to offer the opportunity to acquire the 100% fee simple interest in HomeGoods Distribution Center (“the Property”) located at 6700 South Pella Drive, Tucson, Arizona. This premier asset features one industrial building totaling ±263, 937 SF on 14.32 acres. The Property is 100% leased to Homegoods, Inc. with approximately 1.4 years of remaining lease term (February 28, 2026 lease expiration). Homegoods utilizes the property as a regional distribution center serving Arizona and the Southwest United States. The Property has features that fit the submarket’s tenant demand exceptionally well, including multiple points of ingress/egress, 150+’ of ramp area in front of the building’s docks, ample parking and substantial power. HomeGoods Distribution Center is
strategically located in the well-positioned Tucson Airport submarket and is located at the first Tucson interchange of I-19 on the inbound route from the border (for maquila operations), and minutes from the Tucson International Airport.
Tucson is the second largest city in the state of Arizona behind Phoenix. Just 60 miles from the Mexico border, with high-capacity border and transportation infrastructure, Tucson is the natural choice for companies doing business in the U.S. and Mexico. The vacancy rates in Tucson are at an all-time low and will remain that way due to the limited construction pipeline and lack of infill sites available. Tucson continues to experience an
uptick in tenant demand because of its strategic west coast location, access to labor, numerous business and tax incentives and lack of natural disasters.