3451 E Harbour Dr 19,800 SF Industrial Building Phoenix, AZ 85034 $4,554,000 ($230/SF)

Cushman & Wakefield’s Phoenix Industrial Private Capital Group is pleased
to offer the extraordinary opportunity to acquire the 100% fee simple interest
in 3451 East Harbour Drive, an industrial advanced manufacturing property
located in Phoenix, AZ (“the Property”). This premier asset consists of one
industrial building totaling ±19,800 SF on ±1.50 acres. The Property is currently
100% leased to Exentec, a leading provider of mission-critical technologies
and services for high-tech industries, with 0.5 years of weighted average lease
term remaining.
Strategically located in one of Phoenix’s most sought-after industrial
submarkets, the Property offers exceptional access to Phoenix Sky Harbor
International Airport and direct connectivity to SR-143 and I-10 - placing it
at the heart of the Valley’s logistics and distribution network. The Sky Harbor
submarket continues to benefit from strong and sustained industrial tenant
demand, underpinned by several strategic advantages. This includes access
to a large, cost-effective labor pool, a low cost of living, and a business-friendly
regulatory environment that attracts a wide range of industrial users.
Additionally, its proximity to the nation’s two busiest container ports, Los
Angeles and Long Beach, supports efficient inbound logistics via an integrated
network of freeways.
3451 East Harbour Drive presents a compelling value-add industrial
investment opportunity in one of Phoenix’s most supply-constrained and
high-performing submarkets. This ±19,800 SF freestanding warehouse,
offers investors immediate upside potential through lease-up or retenanting, with the current lease to Exentec (a specialized capital equipment
provider) expiring in 0.5 years and rents approximately 10% below market.
The Property’s irreplaceable infill location—adjacent to Phoenix Sky Harbor
International Airport and major highways—offers direct access to key
logistics corridors and is supported by strong demand drivers, including a
robust labor pool and favorable cost dynamics. As small-bay industrial spaces
face historic shortages nationwide, particularly in high-growth markets like
Arizona, the scarcity of sub-50,000 SF product creates sustained rental
pressure and tenant demand. Coupled with the Sky Harbor submarket’s
strong fundamentals—demonstrated by consistent rent growth, minimal
vacancy, and a lack of new supply, the Property offers a rare opportunity for
both near-term income enhancement and long-term capital appreciation.