The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 11, 2025
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Phoenix Industrial Asset Bought for $27 Mil

1/16/25

A 188.1k sf manufacturing and distribution building in Phoenix sold for $27 mil ($144/sf). The buyer was i3 Interests. The asset was sold by Bailard, who purchased the building in September 2017 and has since completed its business plan for the property prior to selling.

The state-of-the-art facility, located at 7822 South 46th St, is fully leased to BAE Systems, a U.S. Military helicopter and aircraft seat provider. The property features heavy power, dock-high loading, 100% HVAC and 450 auto parking spaces. The building sits on 8.49 acres, with an additional 2.8 acres for future development.

The property has easy access to I-10 via the full diamond interchange at Baseline Road and is ideally located just south of Phoenix Sky Harbor International Airport.

CBRE National Partners’ Rusty Kennedy, Joe Cesta, Rebecca Perlmutter, along with Evan Koplan, Geoff Turbow and Anthony DeLorenzo, represented Bailard in the deal.

“i3 recognized the significant value in this asset given the extremely low vacancy in the submarket, exceptional tenant profile, and ability to meet the growing demand for manufacturing space in the Phoenix MSA,” noted Kennedy.

According to CBRE research, the airport area remains one of the tightest submarkets in the Valley, with a low 3.9% vacancy rate. Phoenix continues to rank among the nation's top projected rent growth markets and is No. 1 in the nation for manufacturing growth. At the time of sale, no existing lease opportunities existed in the 125k sf – 300k sf. range in the Sky Harbor Airport submarket.




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2025 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media