West USA Commercial is pleased to invite investors and industrial users to discover a perfectly positioned, approximately 6.5-acre lot at the corner of 73rd Avenue and W Northern Avenue in Glendale, Arizona. This opportunity is a rarity in the area, which has experienced a shortage of developable land and tightening industrial vacancies.
The local Grand Avenue industrial submarket offers some of the lowest vacancies in Phoenix at just 3.8%, currently 5.7% below the greater Phoenix market. Additionally, nearly 90% of the submarket inventory was built before 2000, presenting a massive market for high-quality new space. The region is ideal for a new user looking to develop an optimal space for business operations, as well as an investor looking to deliver in-demand new industrial space and capture growing local rents, currently up over 10% year over year.
Sitting less than a mile off Grand Avenue, the primary commercial corridor of Glendale, the site allows businesses to be at the heart of this thriving Phoenix suburb. The location is ideal for distribution and logistics uses, able to reach 34 million consumers within a half-day truck haul thanks to a robust freeway network. Within 20 minutes of the property are convenient connections for the 303 Loop and the 10 and 17 Freeways. Movement of goods is facilitated by the Sky Harbor International Airport, which moved an excess of 390,000 tons of cargo during fiscal 2022-2023 and is reachable in just 30 minutes. Phoenix is also home to a robust rail network, with major operations for Union Pacific and BNSF Railway, two of North America’s largest freight rail companies.
The corner lot of 73rd Avenue and W Northern Avenue sits within a vital work-live-play hub, close to best-in-class recreation opportunities, dozens of household-name retailers, and some of the region’s largest employment centers. The Westgate Entertainment District, a 223-acre mixed-use development featuring trendy restaurants, boutique retailers, and entertainment options, is less than 10 minutes from the property. The development boasts attractions like an AMC Theatre and Dave & Buster’s arcade, all in a walkable center with appealing landscaping and water features. The area is home to the city’s largest sporting and concert venues, including the Desert Diamond Arena and State Farm Stadium, the home of the NFL’s Cardinals, site of the 2023 Superbowl, and host of the semifinal and final matches of the NCAA Men’s Basketball tournament. The area’s strong amenities and first-rate infrastructure have made it a popular home for large industrial operations, and some of the city’s largest space users are within 15 minutes of the property, including Hensley Beverage, Frito-Lay, WestRock, Freeport Logistics, and Calcot Limited.
