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Pair of Phoenix Metro Industrial Assets Trade Hands
Commercial Properties, Inc./CORFAC International completed the sale of two industrial properties, an industrial warehouse in Phoenix and an industrial condo located in Chandler, AZ (pictured). The deals, with two different buyers, are valued at more than $1.5 million combined.
Trivium Investment Group, LLC, a local investment buyer, purchased a 12,740-square-foot industrial warehouse at 1410 E Van Buren St. in Phoenix’s airport industrial submarket, which also included a 6,560-square-foot yard. Commercial Properties Inc.’s Tyson Breinholt represented the seller, Community Housing Partnership.
Breinholt says, “The buyer already has a tenant for the building, and the property quickly closed after being on the market for only three and a half weeks for $735,000 / $57.69-per-square-foot.”
The deal in Chandler’s southeast industrial submarket involved a roughly 4,885-square-foot two-story industrial condo with 22-foot clear heights that was acquired by Mahi, LLC. The investor, owner-user purchased the property at 6100 W Gila Springs Pl. with a tenant in place for $771,830 / $158.00-per-square-foot. Breinholt represented the seller, Acme Wan, LLC.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
