Washington Business Park
5324 East Washington Street, Phoenix, AZ, 85008, US
12 893 mètres carrés
Description de l'actif
JLL Industrial Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the unencumbered fee-simple interest in Blue Cactus Logistics (the “Property”). The state-of-the-art facility was designed to feature amenities most sought-after by tenants in the submarket including: 32’ clear height, 24 (22 future) dock-high positions & two drive-ins (expandable), 216’ truck court, maximum 1,027 parking stalls with ability to accommodate 86 trailer stalls (expandable), ESFR sprinklers, and 3,000 amps of power. Blue Cactus Logistics completed in August 2024 consisting of 258,075 SF on a 26-acre site. The Property is 100% NNN leased to Tricolor Auto Group with a brand new 10-year lease term (9.3-year term remaining) and 4.0% contractual rent escalations. The Property is conveniently located at 13400 W. Cactus Road in the highly sought-after Loop 303 Corridor just north of Luke Air Force Base and the Northern Parkway providing seamless access to both local and regional markets.
The Property represents an excellent opportunity to acquire a brand-new, state of-the-art institutional quality asset with stable cash flow for the next 10 years in the West Valley industrial submarket of Metro Phoenix, the 5th largest city, 10th largest MSA, and #1 ranked fastest growing county by numeric growth in the country for most of the past decade.
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Attributs
Superficie du bâtiment nette
23 976 mètres carrés
Occupation
100 %
Année de construction
2024
Superficie du terrain brute
10,59 ha
WAULT
9.3 années
Média
Points forts de l'investissement
100% NNN LEASED
• Blue Cactus Logistics is 100% NNN leased to Tricolor Auto Group with a new 10-year lease from August 2024 - August 2034 providing stable cash flow.
• 4.0% contractual rent escalations providing consistent growth in property revenue.
• (1) 5-year option to renew at the greater of the expiring rate or 100% FMR, providing the owner the freedom to roll the tenant to market rents upon expiration without concern of a restrictive option.
• Tricolor Auto Group will utilize the Property for receiving, storing, repairing, selling and distribution of automobiles and related products to its customer base.
SOUGHT-AFTER WEST VALLEY LOCATION
• Blue Cactus Logistics is located within the highly sought-after Loop 303 / Northern Parkway Corridor just 3.8 miles east of a full-diamond interchange at Cactus Road & the Loop 303 as well 3.0 miles north of a full-diamond interchange at Dysart Road & Northern Parkway as well as 3.0 miles north of Luke Air
Force Base.
• The Property’s optimal location and convenient access to the Loop 303 and Northern parkway provides connectivity to main thoroughfares across the greater Phoenix Metro and surrounding states just 5.5 hours from Los Angeles / San Diego and just 30 minutes from Sky Harbor International Airport.
BRAND NEW STATE-OF-THE-ART TIMELESS & FUNCTIONAL DESIGN
• The Property was designed to provide best-in-class amenities requested by the majority of the tenant base in the West Valley including:
› 32’ clear height, 24 (22 future) dock-high positions & 2 drive-ins with electric vertical lift (both expandable), 216’ truck court, maximum 1,027 parking stalls with ability to accommodate 86 trailer stalls (expandable), ESFR sprinklers, and 3,000A 480/277 V, 3 phase power, and a 60 Mill TPO R25 roof with a 20 year warranty.
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Blue Cactus Logistics (0 Propriétés)
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Dernière mise à jour
4 févr. 2025
