New Rare Industrial Deer Valley NNN 1031 Sale 20635 N 29th Pl Industriel/Logistique 757 m² À vendre Phoenix, AZ 85050 2 354 280 € (3 109,36 €/m²) Taux de capitalisation 6 %

PRIME DEER VALLEY NNN INVESTMENT | ±8,150 SF | $2.76M | 6.0% CAP | Investment Overview |Prime New! 1031
DWG Capital Partners is pleased to present an exclusive and hard to find NNN industrial/office investment opportunity in the heart of Phoenix’s booming Deer Valley submarket. This prime abssolute NNN 2007 built industrial building ±8,150 SF on ±. 0970 acres (42,224 SF) combines stable, bond-like income with immediate upside potential in one of the fastest-growing employment corridors in the U.S.
Anchored by The Landscape Broker, Inc. (Strong annual sales_CA Required), the property delivers $162,364 NOI on a 10-year absolute NNN lease with 5.5 years remaining and 2% annual escalations. With asking price of $2,760,000 (6.0% cap), the offering represents an ideal 1031 exchange replacement asset.
Location Advantage – Deer Valley Industrial Core
Phoenix Deer Valley Airport (4.9 miles): one of the busiest GA airports in the U.S., supporting aviation, logistics, and aerospace users.
TSMC Semiconductor Megafacility nearby: $40B+ development transforming North Phoenix into a semiconductor hub.
Freeway Access: Immediate connectivity to I-17 and Loop 101, positioning the site at the nexus of Phoenix’s logistics, aerospace, healthcare, and tech growth engines.
Employment & Housing Growth: Surrounded by Desert Ridge, Mayo Clinic, and rapid North Phoenix residential/retail expansion.
Investment Highlights
Bond-Like Stability: Absolute NNN lease with zero landlord responsibilities.
Cash Flow Growth: In-place rent at $1.66/SF trails market comps of $20–24/SF annually, providing 20–33% rental upside at rollover.
Scarcity Value: Deer Valley vacancy under 4% with consistent 6–8% annual rent growth.
Appreciation Track Record: Assets in this zip code have averaged 7–9% appreciation annually over the past decade.
Tax Benefits: Arizona’s low effective property tax rate (˜1.04%) enhances net yield.
Property Summary
Address: 20635 N. 29th Place, Phoenix, AZ 85050
Type: Single-Tenant NNN Industrial/Office
Size: ±8,150 SF (±6,050 SF office + ±2,100 SF warehouse)
Lot Size: ±42,244 sf acres .097 acres
Year Built: 2007
Tenant: The Landscape Broker, Inc.
NOI: $162,364 annually
Price: $2,760,000
Cap Rate: 6.0%
Lease Term: 10 years (5.5 years remaining, 2% annual escalations)w/ superior rental upside in a booming and super tight market.
Zoning: CP/GCP
This ±8,150 SF two-building asset is zoned SCP/GCP (Commerce Park / General Commerce Park District), allowing flexible use categories beyond industrial. The property is currently occupied by The Landscape Broker, Inc. for combined corporate office and warehouse/distribution operations, demonstrating the site’s adaptability for a wide range of office, service, and light industrial users.
Strong Seasoned Tenant: The Landscape Broker, Inc. is a well-established wholesale supplier of landscape materials and products, including stone, rock, pavers, turf, and other outdoor construction supplies. With more than a genrally reported $20-30 million in annual sales, the company leverages the Phoenix facility as its corporate headquarters and regional distribution hub, managing sales, logistics, and administration from the office component while utilizing the warehouse for storage and outbound delivery to contractors, builders, and developers across the region.
Bottom Line: With limited supply, explosive Deer Valley demand, and a strong NNN lease in place, this property offers investors stable income today + appreciation and rent growth tomorrow. A true Class A 1031 opportunity in one of Phoenix’s most dynamic submarkets.
Brokers Notes: The prior hositrical sale sold the smaller building it is not listed here or included.