CDS Industrial Park – Prescott, AZ

CDS Industrial Park is a 30,000 square foot single story industrial building located in Prescott, AZ. The building was built in 2000 and is in a great location at the Airpark in Prescott, an area with low vacancy​ and a thriving business corridor​. The property was purchased in June 2017 with 20,000 square feet leased to CDS Global. CDS Global is a wholly owned subsidiary of Hearst Corporation and is the largest magazine fulfillment house in North America. During our due diligence we were able to renew their lease ​to extend out five years. We also lined up ​a national tenant and a medical tenant who leased an additional 3,000 square feet​ each bringing the property to 100% occupancy. After holding the property for several years, we sold it for a substantial profit.