October 6, 2022
MDC Realty Advisors Closes on Industrial Building in Phoenix, Arizona
Epic Investment Services is pleased to announce that its U.S. subsidiary, MDC Realty Advisors (MDC) has acquired 5150 S. 48th Street in Phoenix, Arizona on behalf of private clients.
5150 S. 48th Street is an 83,000 square foot, infill industrial flex building that offers a very functional design that includes modern exterior finishes, 25’ clear height ceilings, an evaporative cooled warehouse, air-conditioned offices and a secured yard area. The property is centrally located in the Airport Area Industrial District on the border of Phoenix and Tempe, minutes from the Sky Harbor International Airport with easy access to the I-10 freeway. The property is currently 100% leased to a single tenant at below market lease rates, with an opportunity to drive value in an extremely tight local leasing market.
The acquisition 5150 S. 48th Street is a continuation of MDC’s US industrial program of acquiring quality industrial assets in select US growth markets. The property will be managed by MDC as part of its growing US platform.
About MDC Realty Advisors
MDC Realty Advisors (MDC) is a wholly-owned US Subsidiary of Epic Investment Services. With its head office in Denver, CO, MDC manages over 6 million square feet of commercial assets across the US on behalf of institutional and private investors.
About Epic Investment Services
Epic Investment Services, which includes its wholly owned subsidiary MDC Realty Advisors in the United States, is a fully integrated North American real estate platform. Headquartered in Toronto, Canada, and operating from offices in Canada and the United States, Epic has over $16.5 billion in assets under management. Epic’s portfolio comprises 30 million square feet of office, retail, industrial and multi-family residential properties.