Cushman & Wakefield announced the firm has advised the sale of Seventy5 Business Park, a four-building industrial infill park totaling 222,394 square feet in Phoenix, Arizona. Strategically located at 7150 West Roosevelt Street, the project is situated on ±14.4 acres with freeway visibility from Interstate 10. The property is currently 95% leased to a diverse roster of 33 tenants.
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Seventy5 Business Park sold for $46.75 million and was acquired by MIG Real Estate (“MIG”), a privately held real estate investment and development firm headquartered in Newport Beach, California. The seller was Baron Properties, a privately owned, full service real estate firm based in Denver that is focused on investments, development, and management of industrial and multifamily assets.
Will Strong, Phil Haenel, Foster Bundy, Molly Hunt, Michael Matchett, Jack Stamets, and Madeline Warren of Cushman & Wakefield’s Mountain West Capital Markets Industrial team represented the seller in the transaction. The firm’s Gary Anderson and Nik Vallens provided market leasing advisory.
“Seventy5 Business Park features four modern industrial buildings tailored for logistics, e-commerce, and manufacturing. With strong tenancy, high occupancy, and reliable cash flow, the project presented a rare opportunity to invest in a top-tier small-bay industrial complex in a prime infill location. Limited supply in the Southwest Valley and rising construction costs add to its long-term value,” said Foster Bundy.
Seventy5 Business Park provides prominent monument signage visible from Interstate 10 along with immediate freeway access. The park features flexible small bay sizes, abundant loading capabilities with common area truck wells, and fully built-out office spaces. The location also offers exceptional connectivity, not only granting access to the entire Phoenix Metro via the I-10, Loop 101, Loop 303, I-17, and Loop 202 freeways, but also offers proximity to California including the Ports of Los Angeles and Long Beach as well as neighboring Mountain West States all within a day’s truck drive.
“The Southwest Valley is a thriving industrial submarket that has established itself as a dynamic and fast-growing industrial hub, driven by its prime location, well-developed infrastructure, and business-friendly environment,” added Molly Hunt.
According to Cushman & Wakefield’s latest market report, the Southwest Valley submarket continues to experience accelerated demand for industrial space. The submarket recorded 1.9 million square feet (MSF) of leasing activity coupled with 930,300 SF of positive net absorption in Q1 2025, leading all Phoenix Metro submarkets in both categories to begin the year. The quarterly performance also continued the strong momentum from 2024 in which the Southwest Valley tallied over 12.8 MSF of occupancy growth, representing 58% of Phoenix’s total annual industrial growth and most of all other regional submarkets by a wide margin.
