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SENTRE Acquires 322K-SF Phoenix Warehouse
SENTRE has purchased a 322,070-square-foot industrial asset in Tolleson, Ariz., for $48.8 million. Brennan Investment Group sold the metro Phoenix property with representation from Cushman & Wakefield.
The asset came online in 1988 and was expanded in 2010. Brennan acquired it two years later in a $178 million portfolio deal encompassing 3.8 million square feet, CommercialEdge data shows. AIC Ventures sold that collection.
WinCup, a manufacturer of food service products that owned the building between 1999 and 2008, fully leases the facility. The triple-net deal is set to expire in 2039.
Located on more than 15 acres at 7980-7990 W. Buckeye Road in Phoenix’s Southwest Valley submarket, the facility is less than 3 miles south of Interstate 10.
The Cushman & Wakefield team that represented Brennan included Will Strong, Phil Haenel, Foster Bundy and Katie Repine.
- ◦Sale/Acquisition
