CapRock Partners has acquired newly constructed 7200 W. Roosevelt St. in Phoenix. Financial terms were not disclosed.
The transaction brings a 216,880-square-foot class A property into CapRock Partners’ growing Arizona footprint during a time of surging demand for e-commerce, nearly record-low vacancy rates in Phoenix and robust demand across all distribution sectors. Situated a quarter mile south of I-10, the property’s neighbors are comprised of dozens of household name brands, and the location enables single-day deliveries to California, Dallas, Denver and Salt Lake City.
“This is a very strategic location for manufacturers and e-commerce distributors alike,” said Bob O’Neill, senior vice president, acquisitions, of CapRock Partners. “With easy access to all the major markets in the Southwest, the property counts the likes of FedEx, PepsiCo, PetSmart and Amazon as its neighbors. This has enabled us to generate preliminary interest from a variety of tena
