PHOENIX, AZ — September 1, 2025 — The Sheehan | Schumacher Industrial Team at Rein & Grossoehme Commercial Real Estate (RGCRE) has completed the lease of an Industrial Outdoor Storage (IOS) property at 1812 E Watkins Street in Phoenix, Arizona. The transaction underscores continued demand for yard-intensive industrial assets in one of the metro's most supply-constrained corridors — the South Airport submarket north of Roeser Road.
Max Schumacher, SIOR, and Patrick Sheehan represented the landlord in the transaction, adding another IOS lease completion to the team's extensive portfolio of industrial landlord representation engagements across the Phoenix metropolitan area.
Key Highlights
- Property Address: 1812 E Watkins Street, Phoenix, AZ
- Property Type: Industrial Outdoor Storage (IOS) / Industrial with Yard
- Building Area: 1,500 SF
- Land Area: 1.46 acres (approximately 63,598 SF)
- Submarket: South Airport, North of Roeser Road
- Representation: Landlord representation by the Sheehan | Schumacher Industrial Team at RGCRE
- Transaction Type: Lease
Property Profile: High Land-to-Building Ratio Signals True IOS Asset
The property at 1812 E Watkins Street exemplifies the defining characteristics of Industrial Outdoor Storage assets that have become increasingly sought after in the Phoenix market. With 1,500 square feet of building improvements situated on 1.46 acres of land, the property delivers a land-to-building ratio of approximately 42:1 — a signature metric of purpose-built IOS sites that prioritize outdoor operational space over enclosed square footage.
| Property Metric | Detail |
|---|---|
| Address | 1812 E Watkins St, Phoenix, AZ |
| Property Type | Industrial Outdoor Storage (IOS) |
| Building SF | 1,500 SF |
| Total Land Area | 1.46 acres (~63,598 SF) |
| Land-to-Building Ratio | ~42:1 |
| Submarket | S Airport / N of Roeser |
"Industrial Outdoor Storage properties with this kind of land-to-building ratio are among the most in-demand and least available product types in the Phoenix industrial market," said Max Schumacher, SIOR, of Rein & Grossoehme Commercial Real Estate. "This submarket, in particular, benefits from proximity to Sky Harbor International Airport and direct access to major freight corridors, which makes securing yard space here increasingly competitive."
Submarket Context: South Airport Corridor Remains a Focal Point for IOS Users
The South Airport submarket north of Roeser Road has long served as a critical node for logistics, construction services, fleet operations, and equipment-intensive businesses that require significant outdoor laydown and staging area. Situated minutes from Sky Harbor International Airport and with convenient access to Interstate 10, Interstate 17, and State Route 143, the corridor offers the kind of infrastructure connectivity that IOS tenants prioritize.
Nationally, Industrial Outdoor Storage has emerged as one of commercial real estate's fastest-appreciating asset classes. Institutional capital has entered the IOS space in meaningful volume over the past several years, yet the product type remains fundamentally supply-constrained — particularly in infill locations like the South Airport submarket, where zoning restrictions and competing land uses limit new development.
Patrick Sheehan of Rein & Grossoehme noted that landlords of well-located IOS properties in Phoenix's core industrial corridors continue to benefit from strong tenant demand. "The South Airport area has a finite amount of properly zoned industrial land that accommodates outdoor storage and heavy vehicle use. When a site with 1.46 acres and this kind of locational advantage becomes available, it tends to attract interest quickly."
Market Context
The Phoenix industrial market remains one of the most active in the western United States, with IOS properties representing a distinct and increasingly tracked segment. As traditional warehouse and distribution metrics dominate market reports, yard-centric assets like 1812 E Watkins Street serve as important data points for understanding the full spectrum of industrial demand across the metro.
The Sheehan | Schumacher Industrial Team continues to track IOS transaction activity across Phoenix, contributing to a growing body of market intelligence in a product type where comparable data has historically been limited.
About Rein & Grossoehme Commercial Real Estate
Rein & Grossoehme Commercial Real Estate (RGCRE) is a full-service commercial real estate brokerage based in Scottsdale, Arizona. The Sheehan | Schumacher Industrial Team, led by Patrick Sheehan and Max Schumacher, SIOR, specializes in industrial landlord representation across the Phoenix metropolitan area, with deep expertise in Industrial Outdoor Storage (IOS), single-tenant industrial, and multi-tenant flex properties. With over $525 million in total transaction volume, the team ranks among the top industrial brokerage teams in the Phoenix market.