DAUM Commercial Real Estate Services, a provider of CRE services including brokerage, national tenant representation, consulting, leasing, sales, and property management, has directed the off-market sale of a freestanding industrial building totaling 43,338 square feet at 2520 E. Rose Garden Lane in Phoenix’s Deer Valley submarket for $10.56 million.
The DAUM team of Executive Vice Presidents Trevor McKendry and Chris Rogers, Vice President Parker Houston, Associate Vice Presidents Nick Reinhardt and Beau Citron, and Associate Nick Fajardo represented the seller, a privately held California company, and procured the buyer, a private Taiwanese investment company.
The sale comes as Taiwan Semiconductor Manufacturing Company (TSMC) continues to expand its Arizona operations. In July, TSMC announced an additional $100 billion investment in Arizona to add at least four more advanced fabrication plants, bringing its total planned investment in the state to $265 billion.
“Investment coming into North Phoenix from Taiwan is expanding beyond TSMC’s direct supplier network,” says McKendry. “It is coming from companies that need to be near the semiconductor ecosystem, and from investors focused on the area’s long-term growth. This transaction is a strong example because the building never went to market. Since we know the owners in Deer Valley, we were able to bring it directly to a Taiwanese investment group looking for exactly this kind of freestanding property.”
The single-tenant manufacturing building was constructed in 2001 and includes approximately 6,500 square feet of office space. Both the office and manufacturing areas are fully air-conditioned. The building has 18-foot clear height, two dock-high loading doors, one ground-level loading door, and 2,000-amp, 277/480-volt power.
The sale is the largest of four freestanding industrial sales, totaling more than 92,000 square feet, that the DAUM team completed in Deer Valley within just over 30 days, from late August through late September. Approximately 80,000 square feet was acquired by TSMC vendors or overseas investors.
“These well-located, freestanding properties give users control over how they operate, along with the flexibility to accommodate specialized uses and future growth,” explains Rogers. “That makes them especially relevant to companies in TSMC’s supply chain. Our relationships with owners, users, and investors across Deer Valley let us understand what each side needs and find opportunities that may not be broadly marketed.”
According to DAUM’s Q2 2026 Phoenix Industrial Market Report, overall vacancy in the Phoenix industrial market tightened by 104 basis points during the quarter, with 5.9 million square feet of net absorption.
“Three of these four sales went to TSMC suppliers or overseas capital, and the fourth went to a local investor buying into the same submarket, indicating a breadth of demand,” adds Citron. “TSMC is clearly driving activity, but investors are also recognizing the opportunity in Deer Valley on its own merits. Our team has worked throughout this submarket for nearly 20 years, and that history gives us valuable connections and a clear read on the owners, buyers, and users driving activity here.”
