deal image
235 E Pima StPhoenix, AZ 85004
Pima Street Logistics Center
Asset ClassIndustrial
% Leased100%
# Tenants: 3Weighted Average Lease Term: 2.9 YearsSquare Feet: 97,240Access Data Room
Multi-Tenant Industrial Building Totaling 97,240 SF | Premier Infill Location in Sky Harbor Submarket | 2.9 Years of WALT | 100% Leased | 39% Below Market Rents | Excellent Freeway Access
overview of deal

Overview

Cushman & Wakefield’s National Industrial Advisory Group, as the exclusive advisor, is pleased to offer the rare opportunity to acquire the 100% leased fee interest in Pima Street Logistics Center (“the Property”), a 97,240 SF multi-tenant industrial building in the highly coveted Sky Harbor Airport submarket. The Property features a functional layout, efficient loading, multiple storefronts, and a 0.5 acre secured yard, which fits tenant demand in the area exceptionally well.

 

Pima Street Logistics Center is located 0.5 miles from a full diamond interchange on I-17 and 1.8 miles from a full diamond interchange on I-10. A lack of available land and space options, coupled with escalating land and construction pricing, has created major constraints in the submarket. An infill location like this is nearly impossible to replicate in today’s market.

 

The Sky Harbor Airport area benefits from remarkable industrial tenant demand driven by (i) available and affordable labor pool; (ii) low cost of living and favorable business climate; (iii) access to the two most active container ports in the U.S. (Los Angeles and Long Beach); (iv) ability to service major population centers via an integrated network of freeways; and (v) proximity to Sky Harbor International Airport (2.5 miles from the Property).

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235 E Pima StPhoenix, AZ 85004

Sales Team

Will StrongExecutive Vice Chair+1 602 413 9991will.strong@cushwake.com
Kirk KullerSenior Director+1 602 224 4456kirk.kuller@cushwake.com
Molly HuntSenior Associate+1 602 361 9501molly.hunt@cushwake.com
Dean WileySenior Associate+1 602 224 4420dean.wiley@cushwake.com

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Listing provided by Revere CRE