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9/17/26
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Steel Peak purchased a 2.18-acre industrial outdoor storage (IOS) property in Phoenix for $3.3 mil. The property, located at 2142 W. Van Buren St, includes a 6.3k sf industrial building.
The property is strategically located along the Van Buren corridor with immediate access to I-17, I-10 and Loop 202, and is near Phoenix Sky Harbor International Airport. Steel Peak plans to make targeted improvements to the building and site, and ultimately lease the property to an essential industrial service user.
Steel Peak Director of Acquisitions Aaron Gill led the acquisition in-house for the buyer. This is Steel Peak’s first IOS property acquisition in the Phoenix, Arizona area and 18th overall IOS acquisition in the Southwest and West since the company was founded in January 2024. Max Schumacher with Rein and Grossoehme Commercial Real Estate will oversee leasing at the property.
“Phoenix has emerged as one of the largest and most active industrial markets in the country, with approximately 466 msf of industrial inventory and continued strong leasing and absorption activity,” said Blake Rodgers, Principal at Steel Peak. “The property is well suited for contractor yards, equipment rental, fleet maintenance and dispatch, building materials, and other essential industrial service users.”
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