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4025 S 32nd StPhoenix, AZ 85040
AMPLIFY Riverpoint
Asset ClassIndustrial
% Leased100%
Weighted Average Lease Term: 9.4 YearsAccess Data Room
±80,309 SF Class A Free Standing Industrial Building | Premier Infill Sky Harbor Location
overview of deal

Overview

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 AMPLIFY Riverpoint (“the Property”). This premier offering consists of one Class A, freestanding infill industrial building totaling ±80,309 SF located in the Sky Harbor Airport submarket, one of the most desirable locations in the Phoenix Metro area. The property is 100% leased to Training Services, a division of Aviation Institute of Maintenance, Inc (NYSE traded) with 9.4 years of lease term remaining. This facility is mission critical for the tenant and they have invested $XX amount into the building including XXX. Additionally, the property is equipped with heavy power capacity, ensuring ample energy supply for high-demand operations and potential future prospects that are facing difficulties with finding adequate space in the market. A multitude of data centers have emerged in close proximity to the facility due to the existing power infrastructure and capabilities in the submarket, another positive to being located in this infill pocket.

 

The Property has immediate access to Phoenix Sky Harbor International Airport and I-10 freeway, making it a prime destination for Industrial tenants. The submarket benefits from remarkable 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.

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4025 S 32nd StPhoenix, AZ 85040

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Listing provided by Revere CRE