TerraCap sold the Koll Cotton Center, a seven-building, multi-tenant light industrial project totaling 228,605 square feet in Phoenix’s Sky Harbor submarket for $38 million. The property was 98% leased at the time of sale.

Cushman & Wakefield’s Molly Hunt led a team that brokered the transaction, “TerraCap acquired Koll Cotton Center, a marquee business park, in 2021 as a value-add opportunity and completed upgrades that included new roofs, improving the exteriors, repositioning the vacant suites and more during its ownership.” The asset was acquired by G.W. Williams Co.

Located at 4050 East Cotton Center and situated on 17.8 acres at the corner of 40th Street, Koll Cotton Center is less than one mile south of I-10 and minutes from a full diamond interchange at I-10 and Loop-202 and the Phoenix Sky Harbor International Airport. In addition, the location is less than 15 miles from the BNSF intermodal rail facility in Phoenix’s West Valley.

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