This prime industrial property sits on 13.16 acres, features three buildings totalling 161,904 sf and is 100% leased to
three tenants, growing NWRE’s industrial portfolio in the Phoenix market.
Phoenix, AZ, January 20, 2022 – Nicola Wealth Real Estate (NWRE) has acquired another industrial property situated at 6111 – 6215 W. Van Buren Street, Phoenix, AZ. The transaction, brokered by Marty Maier and Landon McKernan of LevRose Commercial Real Estate, expands NWRE’s presence in this important US market.
The acquisition adds three existing buildings totaling 161,904 sf on 13.16 acres of land to the growing NWRE Phoenix portfolio. The property is 100% leased to three tenants. The property is located in the well-established Tolleson neighborhood.
“The Van Buren assets expand our footprint in Phoenix, one of the fastest growing industrial markets in the US,” highlights Matthew Schaeffers, Director of Acquisitions at Nicola Wealth Real Estate. “This acquisition adds three highly functional buildings which offer great utility to various sized tenants and is a complimentary addition to our growing US industrial base.”
“Situated in the southwest industrial submarket, it is one of the strongest in the Phoenix MSA,” Schaeffers adds. “This gateway asset is located on a high traffic east/west arterial connecting to Downtown Phoenix & Sky Harbour International Airport, with immediate access to Interstate 10 and Loop 202.”
NWRE continues to concentrate its growth in major US markets such as Seattle, Denver, Minneapolis, Las Vegas, San Francisco, Houston, Dallas, and Phoenix with a focus on acquiring income-producing properties and executing development and value-add strategies.
To learn more about the Nicola Wealth Real Estate funds, visit realestate.nicolawealth.com
About Nicola Wealth Real Estate
Nicola Wealth Real Estate (NWRE) is the in-house real estate team of Nicola Wealth, a premier Canadian financial planning and investment firm with over $11.5 billion (CAD) of assets under management (AUM). NWRE has an experienced and innovative team that sources and asset-manages a growing portfolio of properties in major markets across North America spanning a diversified range of asset classes which include industrial, multi-family rental apartment, office, self-storage, retail and seniors housing. With the acquisition of Blackwood Partners, the current NWRE portfolio now exceeds $7.5 billion gross asset value.
Manager, External Relations