Cushman & Wakefield’s National Industrial Advisory Group, as the exclusive advisor, is pleased to offer the unique opportunity to acquire the 100% fee simple interest in Paloma Vista Logistics Center - Building 1 (“the Property”). This 1,056,353 SF newly constructed industrial building is located in the highly sought-after Southwest Valley of Metro Phoenix. The Property is situated on 59.8 acres at 18900 West McDowell Road, at the northwest corner of Perryville Road and McDowell Road. The Property is 100% leased to Amazon for 10 years with 3% annual rent bumps.
Recently completed in March 2024, the Property includes state-of-the-art features that fit tenant demand in the area perfectly well including 40’ clear height, full concrete truck courts, multiple points of ingress/egress, 190’ maneuverability, and more. In addition, the Property is strategically located in Buckeye which was named the fastest growing city in the United States over the past decade. No other city in Metro Phoenix has closer proximity to the Southern California Ports than Buckeye and the city has become a preferred location for major industrial occupiers in need of strategic logistics and warehouse facilities in the Southwest U.S.
The Southwest Valley submarket has become an industrial hot spot due to a strong labor
market (Arizona has added over 400,000 jobs since 2015), access to major world markets
(California is the sixth world’s largest economy), a simplified tax system, and the low cost
of doing business (Greater Phoenix operating costs average up to 36% less than in
California).