Cision PR Newswire

Dalfen Industrial Acquires Property in Phoenix Sky Harbor Market

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Nov 11, 2024, 10:06 AM ET

DALLAS, Nov. 11, 2024 /PRNewswire/ -- Dalfen Industrial has acquired a 109,699-square-foot industrial property at 3405 S 5^th Street, a prime location in Phoenix, AZ. The transaction was sourced through Cushman & Wakefield and was fully leased at the time of acquisition to Raytheon's subsidiary, Collins Aerospace, a Fortune 100 company, operating in the aerospace industry.

Strategically positioned less than 2.5 miles from Phoenix Sky Harbor International Airport and downtown Phoenix, 3405 Logistics at Sky Harbor is located in one of the city's most sought-after submarkets. The property offers immediate access to major transportation routes, including I-17 and I-10, and is in proximity to top industry players such as Amazon, Aramark, and many others.

"This acquisition underscores Dalfen Industrial's strategy to expand our footprint in Phoenix's best performing submarkets," said Rich Weiss, Head of Dalfen's West Region. "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 latest acquisition, Dalfen Industrial now owns and operates 1.8 million square feet in the Phoenix area. The company remains focused on expanding its presence in the thriving Phoenix market, known for its robust industrial demand and proximity to key transportation hubs.

About Us

Dalfen Industrial LLC, headquartered in Dallas, is one of the largest privately owned industrial real estate firms in the United States and is a leader in the last-mile property sector. The company focuses on strategically located urban infill warehouses and distribution facilities, owning and operating over 55 million square feet of premier industrial properties nationwide. For more information, visit www.dalfen.com.

Media Contact:
press@dalfen.com