EXECUTIVE SUMMARY

Cushman & Wakefield’s Phoenix Industrial Private Capital Group is pleased to offer the extraordinary opportunity to acquire the 100% fee simple interest in 2922 South Roosevelt Street, an infill industrial flex/warehouse property located in Tempe, AZ (“The Property”). This premier asset consists of one, single-tenant building totaling ±24,900 SF on ±2.58 acres. The Property is currently 100% leased to Orangutan Service Experts with 6.7 years of lease term remaining.

The Property is located in the Sky Harbor and Broadway Industrial Park submarkets, two of the most desirable pockets in the Phoenix Metro area. The Property is located ±5.5 miles to Phoenix Sky Harbor International Airport, ±3.4 miles to SR-143 and ±2.6 miles I-10 freeways. The submarket 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); and (iv) ability to service major population centers via an integrated network of freeways.

INVESTMENT THESIS

The Property is a terrific opportunity to acquire a stabilized asset in a high-growth submarket and capitalize on the rapid demand for industrial/flex space in the Sky Harbor Airport/Broadway Industrial Park submarkets. While tighter market conditions have caused vacancy rates to hit a historic low throughout the area and Phoenix metro, the combination of healthy tenant demand and easing construction activity have allowed fundamentals to remain strong. National and regional tenants are attracted to Phoenix because of its strategic west coast location, access to labor, numerous business and tax incentives and lack of natural disasters.