1515 W Deer Valley Rd - Bldg B

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1515 W Deer Valley Road Building B offers a 7.3% cap rate opportunity in Phoenix's highly sought-after Deer Valley industrial corridor, a submarket distinguished by exceptionally low vacancy, robust investment activity, and strategic freeway access. The property is currently occupied by a long-term tenant on a month-to-month lease at $6,195 per month modified gross, with a new five-year NNN lease at the same rate and 3% annual increases pending execution. The tenant has operated continuously at this location since 2010 and holds a five-year renewal option at close of escrow. Deer Valley's industrial landscape benefits from proximity to Phoenix's expanding semiconductor manufacturing ecosystem and excellent connectivity to major highway infrastructure, positioning the submarket as one of the metro's most resilient and in-demand zones for industrial and mission-critical operations. The stability of the existing tenancy combined with the area's strong fundamentals provides a compelling platform for repositioning or long-term hold strategies.