deal image
15152 W Camelback RdLitchfield Park, AZ 85340
Falcon Park 303 - Phase II
Asset ClassIndustrial
% Leased100%
New Class A Industrial Building Totaling 326,018 SF | Premier West Phoenix Location | Immediate Access to Loop 303
overview of deal

Overview

Cushman & Wakefield’s National Industrial Advisory Group, as exclusive advisor, is pleased to offer the extraordinary opportunity to acquire the 100% fee simple interest in Falcon Park 303 – Phase II located at 15152 West Camelback Road, Glendale, AZ (“The Property”).

  • Class A development consisting of one brand new industrial building totaling 326,018 SF
  • 100% leased to AirLife (Formerly SunMed), the leading consumable breathing products company in the world with a focus on respiratory, anesthesia, and patient monitoring products
  • 4.0% contractual annual rent escalations
  • Brand new 7.4-year lease beginning February 2024
  • Part of a 59.36 acre logistics project, which features two industrial buildings totaling 925,504 SF
  • Located in the highly sought-after West Valley of Metro Phoenix and situated within the Loop 303 Corridor

Falcon Park 303 – Phase II is a unique core investment opportunity to acquire a fully leased, state-of-the-art industrial building with long-term tenancy in a high-demand industrial submarket. The Property’s modern features, premier location and high-quality tenant make it a one-of-a-kind investment opportunity. The Southwest Valley submarket absorbed 639K in Q4 2023 bringing the YTD total over 10.5 MSF (85% of the total absorption in Metro Phoenix).

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15152 W Camelback RdLitchfield Park, AZ 85340

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