Harsch Lands Scottsdale Airpark Asset
Evans Airpark Center, a 120,433-square-foot, multi-tenant industrial park situated on 10 acres in Scottsdale, traded hands for $17.65 million. The buyer was Portland, OR-based Harsch Investment Properties, while the seller was Fadden Enterprises.
The property is strategically located in the heart of the Scottsdale Airpark. Evans Airpark Center consists of four low-rise buildings located at 8212 and 8224 E. Evans Rd. and 14555 and 14557 N. 82nd St. The 14555 manufacturing/warehouse building was built in the early 1980s and the remaining three general industrial buildings were all completed in 2006.
Cushman & Wakefield’s Tracy Cartledge, Steve Lindley, Bob Buckley, and Michael Kitlica represented the seller.
Cartledge says, “Evans Airpark Center is a clean, functional industrial project in one of metro Phoenix’s best locations, and with nearly 90% occupancy—the majority of the property having lengthy lease terms remaining—provides secure, stable in-place income with value-added upside in an irreplaceable site.”
For comments, questions or concerns, please contact Dennis Kaiser