 |
Two brand new freestanding industrial buildings totaling nearly 36,500 SF in the greater Phoenix submarket of Goodyear, AZ
|
GOODYEAR,
AZ – DAUM
Commercial Real Estate Services recently
directed the acquisition of two brand new freestanding industrial buildings
totaling nearly 36,500 square feet in the greater Phoenix submarket of
Goodyear, Arizona.
The
assets are part of the Palm Valley Crossing development, which was delivered
earlier this year by Hopewell Development, according to Trevor McKendry
and Chris Rogers, both Executive Vice Presidents based out of DAUM’s
Phoenix office.
McKendry and Rogers
represented the buyer, a private investor, in this transaction.
 |
| Trevor McKendry |
“Even in
the midst of the pandemic, investor demand and competition for quality
industrial product in the Phoenix area remain high,” says McKendry.
“Based on our close
relationships and knowledge of what is happening in the local market, we’ve
been able to secure prime assets, like these state-of-the-art buildings, for
our clients.”
According to Rogers, the buildings are currently available
for lease and are well positioned to attract tenants looking to expand into the
greater Phoenix area.
“Less than 20 miles from the heart of Phoenix, Goodyear is
an up-and-coming area where several Fortune 500 companies, including Amazon,
Dick’s Sporting Goods, Microsoft, Nike, and UPS, have a presence,” says Rogers.
“Even in these
ever-changing times, investment in this growing submarket remains attractive.
Tenants continue to seek out high quality industrial space offering convenient
access to Interstate 10 and other major thoroughfares in the region, at a
slightly lower price point than Phoenix proper.”
 |
| Chris Rogers |
One of
the fastest growing cities in the nation, Goodyear was recently
ranked among the “Best Places to Live in America” by Money magazine, and has a 95%
satisfaction rate among its citizens, notes McKendry.
Goodyear
also offers incentives for premiere business looking to locate in the city and
includes tax benefits from Foreign Trade Zones, Military Reuse Zones,
Opportunity Zones and designated redevelopment areas.
The two
properties include both warehouse and office space, and feature truckwells and
grade level doors, PAD Zoning, fenced yards and 20’-8” clear height.
The
buildings are located at 137th Avenue and Autodrive in
Goodyear, Arizona and were purchased for a total consideration of $4.96
million.
Rogers
and McKendry also recently completed two transactions in Phoenix for a total of
$4.7 million: the sale-leaseback of the building located at 23306 N. 15th Avenue
in Phoenix, Arizona and the lease of 1650 W. Parkside Lane in Phoenix, Arizona.
CONTACTS:
No comments:
Post a Comment