Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a high-quality cold storage facility located at 1055 N. 71st Ave. Phoenix, Arizona (“Property” or “Asset”). The Asset is a rare owner-user or value-add opportunity. The current tenant, Vision Produce Acquisition, LLC (“Tenant”), has a lease expiration of July 2026 with no renewal options. The existing rent is well below market rental rates, offering significant near-term upside and providing investors with a compelling mark-to-market opportunity within one year of acquisition. Furthermore, the Asset is provided well below replacement cost with the ability for a tenant or user to be in operation quickly. This Asset is a +/- 32,842-square-foot, tilt-up warehouse constructed in 2007, on a +/- 3.33-acre lot. The building features highly functional and flexible cold storage totaling an estimated +/-15,000 (46%) split into eight (8) coolers, as well as +/- 3,950 SF of office buildout (12%) and significant dry storage warehouse capabilities. The building’s cold storage infrastructure is the property of ownership and the tenant does not have any rights to remove it.