EXECUTIVE SUMMARY
Cushman & Wakefield's Phoenix Industrial Private Capital Group is pleased to offer the opportunity to acquire the 100% fee simple interest in 1917-1965 West 1st Street, an industrial warehouse located in Tempe, AZ ("the Property"). This premier asset consists of one industrial building totaling ±33,400 SF on ±2.06 acres. The Property is currently 100% leased to AV Concepts, an established event technology company with 0.8 years of weighted average lease term remaining. Currently, the rents are approximately 17.5% below market, offering a compelling opportunity to drive net operating income growth by marking rent to market.
Positioned in one of Phoenix's most coveted industrial hubs, the Property offers unbeatable access to Phoenix Sky Harbor International Airport and immediate connectivity to SR-143 and I-10, placing it at the center of the Valley's logistics and distribution network. The Sky Harbor submarket continues to benefit from strong and sustained industrial tenant demand, underpinned by several strategic advantages. This includes access to a large, cost-effective labor pool, a low cost of living, and a business-friendly regulatory environment that attracts a wide range of industrial users. Additionally, its proximity to the nation's two busiest container ports - Los Angeles and Long Beach -supports efficient inbound logistics via an integrated network of freeways.