Dalfen Business Acquires Attribute in Phoenix Sky Harbor Marketplace

DALLAS, Nov. 11, 2024 /PRNewswire/ — Dalfen Business has got a 109,699-square-foot commercial trait at 3405 S 5^th Side road, a primary location in Phoenix, AZ. The transaction used to be sourced via Cushman & Wakefield and used to be absolutely rented on the month of acquisition to Raytheon’s subsidiary, Collins Aerospace, a Fortune 100 corporate, working within the aerospace business.

Strategically situated lower than 2.5 miles from Phoenix Sky Harbor International Airport and downtown Phoenix, 3405 Logistics at Sky Harbor is situated in some of the town’s maximum sought-after submarkets. The trait do business in speedy get admission to to main transportation routes, together with I-17 and I-10, and is in proximity to manage business avid gamers corresponding to Amazon, Aramark, and lots of others.

“This acquisition underscores Dalfen Industrial’s strategy to expand our footprint in Phoenix’s best performing submarkets,” mentioned Rich Weiss, Head of Dalfen’s West Area. “With the property fully leased to a credit tenant at significantly below-market rents, we’re positioned for strong cash flow in the short term, with substantial upside at lease roll over. We are committed to continuing to acquire and develop last-mile logistics properties in this high-demand market.”

With this original acquisition, Dalfen Business now owns and operates 1.8 million sq. ft within the Phoenix department. The corporate extra concerned about increasing its presence within the thriving Phoenix marketplace, identified for its powerful commercial call for and proximity to key transportation hubs.

About Us

Dalfen Business LLC, headquartered in Dallas, is without doubt one of the greatest privately owned commercial actual property corporations in the USA and is a pace-setter within the last-mile trait sector. The corporate specializes in strategically situated city infill warehouses and distribution amenities, proudly owning and working over 55 million sq. ft of premier commercial homes national. For more info, talk over with www.dalfen.com.

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SOURCE Dalfen Business