Cimarron Industrial Park
Constructed in 1980, Cimarron Industrial Park is a five-building, multi-tenant industrial project totaling 94,800 rentable square feet. Each building is separately parceled, with the whole project situated on 6.73 acres proximate to the Scottsdale Airport.
At acquisition, Cimarron Industrial Park was 100% leased to a variety of tenants, many of whom support the local high-end housing market. The project has posted an average occupancy of 99% from 2017- 2021. This high occupancy average, coupled with in-place rents being materially below market, present a quality mark-to-market opportunity with minimal leasing and capital improvement costs to reach full stabilization.
Year of Construction: 1980
Space: 94,800 SQ FT