adminThe Phoenix Industrial Opportunity
About this Property
The 2426 South 7th Street property is ideally located in the heart of the Airport Area Industrial Market, just off of 7th Street and the I-17 Freeway. The building is approximately 60,450 RSF with 24’ clear height, a fully fenced yard and currently leased to Single Tenant. The property is being offered well below replacement cost and with a current rental rate well below the market. The Tenant, American Beverage Corporation, has occupied the building for over 20 years. With extremely few industrial development opportunities remaining to enter the Airport Area Submarket, this asset is extremely difficult to replicate. The industrial vacancy within the immediate Trade Area is currently 3.5%.
Key Points
- Submarket Market Vacancy is 3.5%
- Class A Industrial Building
- Below Market Rents
- Below Replacement Cost
- The tenant has been in the building for 20 years
- Strong In- Fill Phoenix Market
- Close proximity to Phoenix Sky Harbor Airport
Summary:
The 2426 South 7th Street property is ideally located in the heart of the Airport Area Industrial Market, just off of 7th Street and the I-17 Freeway. The building is approximately 60,450 RSF with 24’ clear height, a fully fenced yard and currently leased to Single Tenant.
See Campaign: https://www.realcrowd.com/offerings/the-o-donnell-group/phoenix-industrial-opportunity
Contact Information:
The O’Donnell Group
The 2426 South 7th Street property is ideally located in the heart of the Airport Area Industrial Market, just off of 7th Street and the I-17 Freeway. The building is approximately 60,450 RSF with 24’ clear height, a fully fenced yard and currently leased to Single Tenant.
See Campaign: https://www.realcrowd.com/offerings/the-o-donnell-group/phoenix-industrial-opportunity
Contact Information:
The O’Donnell Group
Tags:
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Source: ICNW
