Chandler Airpark Technology Center

2650 & 2700 S Gilbert Road, Chandler, AZ, 85249, US

Description

Jones Lang LaSalle, Inc. (“JLL”), as the exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Chandler Airpark Technology Center (the “Property”), a ±219,440-square-foot, two-building industrial park located at 2650 & 2700 South Gilbert Road in Chandler, AZ.

The Property is 77.2% leased to four tenants and features 3.4% weighted average annual rent escalations. The Property was built with best-in-class specifications, including 32’ clear heights, 7,200 amps of power, 100% HVAC, LED lighting, and a 200’ fully secured shared truck court.

Located in Chandler, within Metro Phoenix’s high-growth Southeast Valley, the Property benefits from a premier infill location just east of Chandler Municipal Airport. The Property offers excellent regional connectivity via Loop 202 and Gilbert Road, providing efficient access throughout the Southeast Valley and broader Phoenix MSA and is also positioned near major corporate and advanced manufacturing employment drivers.

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Attributes

Building class

Building area net

20,387 sm

Year built

2022

WALT

4.2 years

Power

7,200A

Clear height

9.75 m

Media

Investment highlights

Class A industrial park totaling ±219,440 square feet across two buildings in Chandler, AZ
Attractive in-place cash flow with 3.4% weighted average annual rent escalations and 4.2 years of WALT remaining
Infill Chandler location approximately 1 mile from the full-diamond interchange at Loop 202 and Gilbert Road