Description

Jones Lang LaSalle, Inc. (“JLL”), as the exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Broadway Industrial Park (the “Portfolio”), a ±283,232-square-foot, three-building industrial portfolio located at 2405-2415 & 2925 S Roosevelt Street in Tempe, AZ.

The Portfolio is 100% leased to two tenants, Nutritio2 LLC (dba VitaWorks West) and Modern Industries, Inc., and features 3.4% weighted average annual rent escalations, providing investors with durable in-place cash flow and embedded NOI growth. The Portfolio’s infill location, timeless functionality, and institutional ownership have supported long-term occupancy, with both tenants recently extending their leases. Situated within one of Metro Phoenix’s most supply-constrained industrial submarkets and located ±2 miles east of the Broadway Curve, ADOT’s largest urban freeway reconstruction in Arizona history, the Portfolio benefits from exceptional regional connectivity and long-term demand drivers in a premier infill Tempe location.

Together, the Portfolio’s proven occupancy track record, contractual rent growth, and irreplaceable infill position present investors with a rare opportunity to acquire a stabilized industrial portfolio in one of Metro Phoenix’s most sought-after submarkets.

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