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Phoenix & Southwest  + Phoenix  + Industrial  | 

Industrial Property Near Sky Harbor Int’l Sells for $17M

The Valley of the Sun – and its Sky Harbor International Airport – are diverse when it comes to Phoenix-area industrial real estate, as well as Phoenix-area industrial real estate deals.

A Class A building with 89,423 square feet has changed hands, per a news release from Cushman & Wakefield, who advised the seller in the disposition sale. The buyer is MIG Real Estate, paying $17.08 million in the deal.

Referred to as Sky Harbor Logistics Center, the multi-tenant property is situated in the Sky Harbor Airport submarket and was 100% leased, per the release:

Executive Managing Director Will Strong, Associate Greer Oliver, and Analyst Connor Nebeker-Hay of Cushman & Wakefield’s National Industrial Advisory Group-Mountain West teamed together with the firm’s Managing Director Phil Haenel to represent the seller. Cushman & Wakefield’s Executive Managing Directors Mike Haenel and Andy Markham provided leasing advisory.

Sky Harbor Logistics Center is located at 220 South 9th St., approximately one mile from the I-10 and I-17 freeways and two miles from Sky Harbor International Airport. Situated on ±4.13 acres, the building features 24’ clear heights, dock high and grade level loading, heavy power, and 100 percent HVAC and EVAP cooled spaces.

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