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Aircraft Supplier Spends $27.5M on Tempe Warehouse
Aircraft supplier Setna iO/Setnix has acquired a 112,300-square-foot industrial property at 1345 S. 52nd St. in Tempe for $27.5 million. Todd Hamilton with Citywide Commercial represented the buyers, and LBA Logistics was the seller. Mike Haenel led a Cushman & Wakefield team representing the seller.
The newly renovated facility features a 32’ clear ceiling height, three dock-high and 10 drive-in doors, 4,000 amps of power, full building air conditioning and modern office spaces, all of which will support the company’s rapid growth. Situated on a 9.17-acre site, the property offers 494 parking spaces.
Setna iO/Setnix specializes in aftermarket aircraft parts supply and high-tech airplane parts machining and repair.
The new Setna iO/Setnix building is near the confluence of Interstate 10 and US 60. Seven major freeways or expressways are located within 10 minutes of the property, and Phoenix Sky Harbor International Airport is five minutes away.
- ◦Sale/Acquisition
