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ViaWest Pays $16.5M for Fully Leased Phoenix Warehouse
ViaWest Group acquired a nearly 100,000-square-foot industrial park at 1002 S. 54th Ave. off Loop 202. Stos Partners was the seller. The park is fully leased to Copper State Bolt & Nut Co.
The Phoenix Business Journal reports the property sold for $16.5 million with a $7.9 million down payment.
Phil Haenel, Will Strong, Foster Bundy and Katie Repine of Cushman & Wakefield’s private capital group represented Stos Partners in the deal, in addition to Anna Josephson of KBC Advisors.
The building was built in the early 1990s and underwent capital improvements in 2023. It has 7,000 square feet of updated office space, 24-foot clear height, 17 dock doors, two grade-level doors, a fenced and secured yard, a new roof, LED lighting and ample parking.
ViaWest Group has been involved in more than $3.1 billion of acquisitions and developments comprising over 83 projects throughout the Western U.S.
- ◦Sale/Acquisition
