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May 18, 2024
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94k sf Phoenix Light Industrial Facility Becomes a Top 10 Property


Pinnacle Peak Commerce Center, a freestanding 93.7k sf, Class A light industrial building in the Deer Valley submarket of Phoenix, was acquired by Top 10 Properties in a $21.85 mil transaction. The property was 100% leased to three tenants at closing.

The property has immediate access to the I-17, providing easy access to I-10, and is within a few miles of Loop 101. The location is walking distance to popular amenities including Happy Valley Towne Center and The Shops at Norterra, while Deer Valley Airport is also within a 5-minute drive.

Cushman & Wakefield’s Will Strong, Kirk Kuller, Michael Matchett, Molly Hunt, and Dean Wiley of the firm’s National Industrial Advisory Group – Mountain West, in partnership with Tracy Cartledge and Robert Buckley, brokered the sale for both buyer and seller. Trevor McKendry and Chris Rogers of DAUM Commercial also provided leasing advisory.

“Pinnacle Peak Commerce Center is exceptionally located in Deer Valley, one of the most in-demand submarkets in Metro Phoenix,” said Kuller. “Investors and occupiers remain very attracted to this submarket given its access to key logistical freeways and abundance of labor. Increasingly paramount is the recent development and exciting expansion to Taiwan Semiconductor Manufacturing Company Limited (“TSMC”) in the area.”

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