GLENDALE, AZ — March 1, 2026 — The Sheehan | Schumacher Industrial Team at Rein & Grossoehme Commercial Real Estate (RGCRE) has completed the lease of a 50,000-square-foot Industrial Outdoor Storage (IOS) facility situated on 12.58 acres at 7701 N 67th Avenue in Glendale, Arizona. The transaction underscores the continued strength of demand for large-format industrial properties with significant outdoor storage components across the Phoenix metropolitan area's western submarkets.
Max Schumacher, SIOR, and Patrick Sheehan of Rein & Grossoehme Commercial Real Estate represented the landlord in the transaction.
Key Highlights
- Property Address: 7701 N 67th Avenue, Glendale, AZ
- Property Type: Industrial with Outdoor Storage / Yard (ISF/IOS)
- Building Area: 50,000 square feet
- Total Land Area: 12.58 acres (approximately 548,000 square feet)
- Transaction Type: Lease
- Submarket: Glendale / West Valley, Phoenix metro
- Representation: Landlord representation by the Sheehan | Schumacher Industrial Team at RGCRE
Property Profile
The property at 7701 N 67th Avenue represents a notable IOS asset in the Glendale submarket, combining a 50,000-square-foot industrial building with a substantial 12.58-acre land position. The site's land-to-building ratio — approximately 11:1 — places it firmly in the category of yard-intensive industrial assets that have become among the most sought-after property types in the Phoenix market.
"Properties that offer this combination of improved building space and significant secured outdoor acreage remain exceptionally difficult to source in the Phoenix metro," said Max Schumacher, SIOR, of Rein & Grossoehme Commercial Real Estate. "The 7701 N 67th Avenue site is well-positioned within the West Valley corridor, giving operators efficient access to the regional freeway network while providing the kind of land intensity that supports a wide range of industrial uses."
IOS Market Context: Phoenix Metro
Industrial Outdoor Storage has emerged as one of the highest-conviction asset classes in commercial real estate nationally, and the Phoenix market has been a primary beneficiary of that demand shift. The asset type — characterized by large, often fenced land parcels used for equipment, vehicle, and material staging — has attracted growing institutional interest due to its supply constraints and resilient tenant demand.
Phoenix IOS Property Characteristics
| Metric | 7701 N 67th Ave | Typical Phoenix IOS |
|---|---|---|
| Building SF | 50,000 | 10,000 – 60,000 |
| Total Land Area | 12.58 acres | 2 – 15 acres |
| Land-to-Building Ratio | ~11:1 | 3:1 – 15:1 |
| Submarket | Glendale / West Valley | Varies metro-wide |
| Zoning Use | Industrial / Outdoor Storage | Industrial / Outdoor Storage |
According to Patrick Sheehan of Rein & Grossoehme Commercial Real Estate, the West Valley corridor continues to attract logistics, construction services, fleet operations, and infrastructure-related tenants — all sectors that require substantial outdoor storage capacity alongside enclosed warehouse or shop space.
"The pipeline of new IOS supply in Phoenix remains constrained relative to demand," Sheehan noted. "Entitlement timelines for new industrial-zoned yard sites have lengthened, and many legacy parcels in infill locations are being rezoned for other uses. That supply-demand imbalance continues to benefit well-located existing assets like this one."
West Valley Submarket Positioning
The Glendale submarket along the N 67th Avenue corridor benefits from proximity to Loop 101 and Interstate 17, providing connectivity to both the broader Phoenix metro logistics network and key employment centers. The area has seen sustained industrial tenant demand driven by regional population growth, infrastructure investment, and the expansion of construction and trade-related businesses throughout the West Valley.
The completion of this lease adds another data point to the pattern of strong absorption among IOS and yard-intensive industrial properties across the Phoenix market, where functionally competitive sites with adequate land continue to attract tenants despite broader macroeconomic uncertainty.
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.