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3255 E Elwood StPhoenix, AZ 85034
Southbank East
Asset ClassIndustrial
±120,778 SF Free-Standing Multi-Tenant Industrial Building | Premier Sky Harbor Airport Location | Excellent Freeway Visibility and Direct Access to I-10

Overview

Cushman & Wakefield’s National Industrial Private Capital Group is pleased to present the opportunity to acquire the 100% fee simple interest in Southbank East (“the Property”), a premier industrial building totaling ±120,778 SF, located in the highly sought-after Sky Harbor submarket. The Property is currently 81% leased* to multiple tenants - Epiq, Inc., the anchor tenant, is., a worldwide provider of legal services, serving law firms, corporations, financial institutions and government agencies, for 5.3 years of term remaining. In-place tenancy provides long-term, stable income and the ability to roll to market upon expiration, offering potential investors both durable cash flow and significant value creation in one of Phoenix’s most dynamic industrial locations.

The Property combines highly desirable specifications—including 100% air-conditioned space, heavy power capacity, fiber optics with redundant systems, and expandable grade-level loading—to position the asset as a best-in-class industrial facility. The opportunity to add a secured yard or potential additioanl building further enhances long-term flexibility, supporting strong tenant retention and sustained rental growth.

 

Southbank East benefits from exceptional regional connectivity and visibility, with direct access to I-10 and 32nd Street, as well as prominent building signage and freeway visibility that enhances the Property’s market visibility. Situated in the heart of the Valley’s logistics and distribution network, the asset is positioned within the Sky Harbor submarket, which continues to experience strong and sustained industrial tenant demand. This demand is supported by several strategic advantages, including access to a large and cost-effective labor pool, a low cost of living, and a business-friendly regulatory environment that attracts a wide range of industrial users. Additionally, the Property’s adjacency to Phoenix Sky Harbor International Airport—one of the nation’s busiest—and its location along an integrated freeway system provide superior connectivity for both regional and national distribution. The submarket also benefits from proximity to the Ports of Los Angeles and Long Beach, supporting efficient inbound logistics and reinforcing its role as a critical hub within the national supply chain.

 

*inclusive of pending lease

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3255 E Elwood StPhoenix, AZ 85034

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