Realterm expands Southwest portfolio with Phoenix industrial acquisition

Realterm, an independent global investment manager focused on the transportation industry, announced today the acquisition of 4475 N. 43rd Avenue, a fully leased industrial facility in Phoenix, Arizona.

Strategically positioned on a 5.0-acre site, the 48,000-square-foot industrial building features a 39,000-square-foot warehouse offering 24-foot clear heights, 7,000 square feet of office space, and a dedicated 2,000-square-foot, two-bay vehicle maintenance area. The property has abundant parking and direct BNSF rail access with an extensive 4,500-foot rail staging area.

“This turnkey asset checks every box for modern logistics operations,” said Ed Brickley, Managing Director, Senior Fund Manager at Realterm. “The combination of direct rail access, highway connectivity and flexible warehouse configuration makes it ideal for last-mile delivery operators that are increasingly seeking infill locations close to consumers.”

Located in Phoenix’s Grand Avenue submarket, where vacancy stands at just 5.6%, compared to the metro-wide average of 12.5%, the property provides convenient access to I-10, I-17 and US Route 60, as well as strategic proximity to the BNSF intermodal rail facility and Sky Harbor International Airport.

“Given Phoenix’s position as one of the premier industrial and high flow through markets in the country, this acquisition represents a true value-add,” said Brendan Coleman, Acquisitions, Realterm. “This property aligns with our core investment approach of targeting and operating logistics properties in supply constrained markets.”