CAPROCK PARTNERS ACQUIRES STATE-OF-THE-ART DISTRIBUTION FACILITY IN PHOENIX
In a deal that bolsters its position in the strategically located southwest industrial submarket of Phoenix, California-based industrial real estate investment and development firm CapRock Partners today announced its acquisition of the newly constructed 7200 W. Roosevelt St. in Phoenix.
The transaction brings a 216,880-square-foot Class A property into CapRock Partners’ growing Arizona footprint during a time of surging demand for e-commerce, nearly record-low vacancy rates in Phoenix and robust demand across all distribution sectors. Situated a quarter mile south of I-10, the location’s neighbors are comprised of dozens of household name brands and enables single-day deliveries to California, Dallas, Denver and Salt Lake City.
“This is a very strategic location for manufacturers and e-commerce distributors alike,” said Bob O’Neill, senior vice president, acquisitions, of CapRock Partners. “With easy access to all the major markets in the Southwest, the property counts the likes of FedEx, PepsiCo, PetSmart and Amazon as its neighbors. This has enabled us to generate preliminary interest from a variety of tenants who want to lease the facility as a distribution hub.”
Spanning 12 acres, 7200 W. Roosevelt St. was recently completed and was designed to accommodate up to two tenants. The building features the following amenities:
• 32' clear height
• 30 dock-high doors
• Two grade-level doors
• 48 trailer stalls
• Fully secured concrete truck court
• 3,600 amps, 277/480V power
• 52’ x 55’ column spacing