1055 N 71ST AVE Phoenix AZ 85043-1301

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.

Most Ideal Strategic Location for Cold Storage

For cold storage operators working with the area’s largest grocery and convenience store operators, this location is perfectly central and easily accessible to:

• 1 mile to Target’s Distribution Center

• 2.5 miles to Circle K’s Distribution Center

• 2.5 miles to QuikTrip’s Distribution Center

• 4 miles to Costco’s Distribution Center

• 5 miles to Fry’s Distribution Center

• 5 miles Albertson’s Distribution Center

• 6 miles Sprouts’ Distribution Center

• 27 miles to Basha’s (Raley’s) Distribution Center (via easy highway access)

Desirable In-Fill Location

The Asset is ideally situated in infill west Phoenix, one of the fastest-growing industrial markets in the country. The location offers excellent access to major transportation arteries, including:

• less than half a mile from Interstate 10,

• 1.5 miles from Loop 202,

• 4 miles to the Loop 101, and

• 6 miles to I-17