- This asset came to us as a rare chance to own a highly coveted single-tenant industrial property located in one of the hottest industrial markets in the country.
- This 17,238 square feet building sits on 1.47 acres and is occupied by Reddy Ice, the largest manufacturer and distributor of packaged ice in the United States. The company serves approximately 82,000 customer locations under the Reddy Ice brand name in 37 states and the District of Columbia.
- Reddy Ice purchased Classic Ice LLC, the former tenant, and executed a new 5-year corporate guaranteed lease that started on June 18th, 2019, providing investors with secure, stable cash flow.
- The property is conveniently located within 10 miles of downtown Phoenix, the 11th largest metro and the second fastest-growing MSA in the nation, leading the nation in job growth by adding more than 96,000 residents in 2018. With its strategic location and strong tenant, this property is a unique opportunity for investors looking to enter the thriving Phoenix industrial market.
5925 W Van Buren
5925 W Van Buren St., Phoenix, AZ 85043This 17,238 square feet building sits on 1.47 acres and is currently occupied by Reddy Ice.
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Property Type
Industrial
SF/Acres
17,238
Submarket
Phoenix Metropolitan Area, AZ
Year Built/Renovated
1983
Tenant Highlights
Reddy, Ice.
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