5310 S 32nd St |
Phoenix, AZ

Building Size (SF): 49,457

Land Size (Acres): 2.62 Acres

Status: Sold

Description: Alignment acquired this single-tenant property in June, 2022 as part of a sale-leaseback transaction with an aerospace company consolidating operations from California to Arizona. That company was acquired by ERA Industries in 2024, dramatically enhancing tenant credit. Alignment sold this asset in November 2025 at an attractive cap rate.