Staff Reports | Business & Commerce
Cushman & Wakefield announced it arranged the sale of the Pima Center Small Bay Industrial Portfolio, a four-building industrial portfolio located at 8425, 8435, 8455 and 8465 N. 90th St. in Scottsdale.
The buyer was Miramar Capital, which acquired the portfolio from Mainspring, according to a press release.
The Cushman & Wakefield National Industrial Advisory Group – Mountain West team of Will Strong, Michael Matchett, Molly Hunt, Jack Stamets and Madeline Warren represented the seller and procured the buyer, with assistance from Kyle McGinley and Payton Kruidenier of Ross Brown Partners.
Ross Brown Partners will continue leasing and managing the portfolio.
“Investor demand for industrial properties in the Phoenix metro area has remained robust,” said Mr. Strong. “The Pima Center Small Bay Industrial Portfolio is a compelling investment opportunity, as it is strategically located, has experienced high occupancy and has strong potential for rental growth.”
The portfolio totals 264,363 square feet across four buildings and features 24-foot clear heights, grade-level and dock-high doors and a diverse tenant mix. It is fully leased to 15 tenants.
The property is at the northwest corner of Loop 101 and Via De Ventura, near major transportation routes including Interstate 10 and State Route 202, providing access to Phoenix Sky Harbor International Airport and surrounding corporate hubs.
