Washington Business Park
5324 East Washington Street, Phoenix, AZ, 85008, US
12,893 m²
Description
Greenfiber Arizona LLC (the “Tenant” or “Greenfiber”) is pleased to present the opportunity to acquire the fee simple interest in 390 East Ray Road in Chandler, AZ (the “Property”). The Property encompasses an ±8.46-acre site improved with four single-story buildings totaling ±77,600 square feet, serving as a specialized manufacturing facility for cellulose insulation and related operations.
Greenfiber has operated at the site since 1987, with purpose-built improvements supporting the Tenant’s production and distribution needs. Through a sale-leaseback, investors benefit from durable cash flow and a long-term operational commitment by the Tenant.
The Property is strategically located in Chandler, one of metro Phoenix’s most dynamic submarkets, offering excellent access to labor, strong residential demand drivers, and connectivity to Loop 202, I-10, and SR-101 freeways.
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Attributes
Building area net
7,209 m²
Occupancy
100%
Year built
1968
Land area gross
3.42 ha
Proposed lease term
10-15 Years
Lease type
Absolute NNN
Media
Investment Highlights
- LONG-TERM STABILITY: Sale-leaseback for 10-15 years
- MISSION-CRITICAL FACILITY: Specialized manufacturing facility, 100% leased to Greenfiber
- ESTABLISHED TENANCY: Greenfiber has operated at the Property since 1987
- STRATEGIC CHANDLER LOCATION: ±8.46-acre site in Chandler
- REGIONAL CONNECTIVITY: Direct access to East Ray Road and close proximity to the Loop 202, I-10, and SR-101 freeways
Contact brokers
Greenfiber Sale-Leaseback | Chandler, AZ (0 Properties)
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Last updated
11 Sep 2025
