Address

2250 W Deer Valley Rd, Phoenix, AZ

Property Type

Manufacturing

Total Area

275,000 SF

Units

NOI

$4,400,000

Cap Rate

6.4%

Occupancy

100%

Year Built

2008

Last Renovation

2021

Parking

195 spaces

Leases (1)

Raytheon Missiles & Defense

Entire Building · 275,000 SF · NNN

$366,667/mo

$16/SF/yr

Which leases are expiring soon?

Jamie3:12 PM

Scanning contracts table...

Filtering by lease end date...

Jamie3:12 PM

Two leases expiring within 60 days:

Tenant	Building	SF	Rent/mo	Expires	Status
FedEx Ground	Glendale Logistics	220,000	$275,000	May 31, 2026	Expiring
Microchip Technology	Hayden Commerce	64,000	$90,667	Mar 31, 2026	Expiring

FedEx Ground Microchip Technology Glendale Logistics Campus Hayden Commerce Center

What's the plan for FedEx?

Kai3:13 PM

FedEx has 1x 5-year renewal option that's unexercised. Jennifer Marsh (VP Real Estate) is the decision-maker. Sarah Chen sent a renewal proposal at $16.50/SF NNN — awaiting corporate approval.

FedEx Ground lease Jennifer Marsh Sarah Chen

Shannon3:14 PM

If FedEx doesn't renew, I've got backfill options. Sarah has 2 prospects for that space and the Glendale submarket vacancy is only 4.2%. We'd likely re-lease at $16–17/SF within 90 days.

Glendale Logistics Campus

Deer Valley Manufacturing