Industrial
First Deed of Trust and ALTA Title Policy on two industrial properties totaling +/ - 94,720-SF located at 240 & 236 N 48th Ave, Phoenix, AZ 85043. The Properties are in the Southwest Phoenix Industrial Submarket just south of the ever-growing I-10 corridor and on the Southwest corner of North 48th Avenue and West Van Buren Street. This submarket has become a sought-after location for new speculative development in the last five years due to its proximity to other Mountain West regions. The rising dependence of e-commerce has benefited the arca as demand for warehouse and logistics space has significantly increased in the submarket due to nearby railroad access, I-10, I-17, Loop 101, & Loop 202 freeways.
Tenant overview: Zummit Plastics and Lord & Sons. Zummit Plastics is a film manufacturer that produces high-end machine and hand application stretch film products. Lord & Sons has provided custom fabrication services to the construction industry for over 30 years.