11.65-acre land parcel located at the northwest corner of 132nd Avenue & Peoria Avenue within the Skyway Business Park in Surprise, Arizona. The property is in the heart of the Northern Parkway Industrial Corridor in the Northwest Valley of the Phoenix-Glendale-Scottsdale MSA.
THE OPPORTUNITY
Acquire a fully entitled and zoned development parcel with site and building plans approved.
Develop four single-tenant class-A industrial buildings. The proposed structures will range between 42,000 – 45,000 square feet.
Over the last decade, the stock of buildings totaling 50,000 square feet or less has only seen a modest 4% growth and these buildings constitute less than 2% of the currently ongoing construction.
