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MDC Pays $24.3M for Sky Harbor-Area Warehouse
MDC Realty Advisors paid $24.3 million for a 144,907-square-foot industrial asset near Sky Harbor Airport. Commercial Edge reports tenant American Refrigerator Supplies Inc. sold the property and signed a leaseback agreement.
The one-story facility is at 2632 E. Chambers St. Built in 1996, it features 28-foot clear heights, HVAC climate control systems, six grade-level loading doors, dock levelers and bumpers, a 30,500-square-foot office component and 132 vehicle parking spots.
The 7-acre asset is near Interstate 10 and Arizona State Route 143. It is also 4 miles from Phoenix Sky Harbor International Airport, 16 miles from Glendale, Ariz., 19 miles from Chandler, Ariz. and within 31 miles of Phoenix-Mesa Gateway Airport.
Cushman & Wakefield Vice Chairman Phil Haenel led a team that negotiated the transaction on behalf of both parties.
According to a recent CommercialEdge report, Phoenix recorded $161 million in industrial sales in January, at an average sale price of $152 per square foot.
