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3030 S 7th StPhoenix, AZ 85040
ATLAS Sky Harbor Industrial
Asset ClassIndustrial
Redevelopment/IOS Opportunity in Sky Harbor Submarket | 29.4 Acres Fully Entitled Land | A-1/A-2 Zoning | Excellent Access to I-10, I-17, & Phoenix International Airport

Overview

Cushman & Wakefield’s National Industrial Advisory Group, as the exclusive advisor, is pleased to offer the unique opportunity to acquire ATLAS Sky Harbor Industrial (“the Property”), a ±29.4-acre site that currently houses a 42,469 SF industrial building, fully leased to Sunland Asphalt (Sunland). The lease has four years remaining (12/31/2028 lease expiration) and the tenant does not have any remaining renewal options. This provides stable cash flow while planning a redevelopment of the site. The site is located in the Sky Harbor Airport submarket and has A1/A2 zoning which allows for the broadest industrial uses - a rare and highly sought-after combination. This allows an investor/developer the opportunity to formulate and execute a variety of strategies.

 

ATLAS Sky Harbor Industrial is strategically situated less than two miles from Sky Harbor International Airport and conveniently located near the I-10 and I-17 freeways, as well as offers visibility on 7th Avenue and Central Avenue. Located in an Opportunity Zone, the Property will provide major tax advantages to investors and developers.

 

The Sky Harbor Airport area 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); (iv) ability to service major population centers via an integrated network of freeways; and (v) proximity to Sky Harbor International Airport (2.5 miles from the Property).

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3030 S 7th StPhoenix, AZ 85040

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