Westmount buys three-building industrial flex property in Arizona

Westmount Realty Capital has acquired Mountain Vista Commerce Center, a three-building, 134,713-square-foot multi-tenant industrial flex property, in Phoenix’s high-wealth Ahwatukee Foothills area, also known as Silicon Desert.

Located at 14647 South 50th Street fronting Interstate 10, the acquisition is Westmount’s first industrial flex space in Arizona.

The property was built in 1999 and is 62 percent occupied with 50,862 square feet of vacancy. The anchor tenant, Cognizant Trizetto, a healthcare IT services provider, occupies 38 percent of the modern corporate office space, while six wellness and fitness-related businesses occupy another 32 percent. One building is configured for corporate office use, built out with modern standard design and finishes, while the other two buildings are configured for showroom/training and office/warehouse spaces, with 18-foot, clear-height dock doors. The property provides excess parking with 517 total spaces, with 74 of these spaces covered by steel carports, with nine separate structures on an adjacent site. A large monument sign on Interstate 10 provides increased exposure and identity for tenants in the facility.

 

View the full Institutional Real Estate, Inc. story

Top
  • Join our Mailing List

  • This field is for validation purposes and should be left unchanged.