Superstition Springs Business Park Trades for $13.98M in all Lee Deal

PHOENIX - Sept. 19, 2014 - PRLog -- Lee & Associates is pleased to announce the sale of the two-building Superstition Springs Business Park at 7307 and 7427 E. Hampton Ave. in Mesa for $13,985,000 or $137.90 per SF. Total SF for the project was 101,411 SF. The transaction closed on September 12.

Lee & Associates Arizona brokers facilitated both sides of the deal. The seller, Hampton/Mesa, LLC was represented by principals Pat Dempsey, Jan Fincham, Chris McClurg and Matt Fredrick. The buyer, Allred Hampton DE, LLC of San Diego, CA was represented by principals Stein Koss, SIOR and Tom Louer, SIOR.

The two-building, single story flex industrial business park sold with an occupancy of 91.5%. The buildings were constructed in 1999 and in 2007. The buildings feature clear heights of 18’-28’, fiber optics and 8:1,000 parking ratio. Major tenants include GC Services and Norwegian Cruise Lines.

The property is just north of the Superstition Springs Mall and along side the U.S. 60 (Superstition Freeway).

For more information:

Pat Dempsey, 602.954.3772, pdempsey@leearizona.com Jan Fincham, 602.954.3754, jfincham@leearizona.com
Chris McClurg, 602602.954.3766, cmclurg@leearizona.com
Matt Fredrick, 602.912.3532, mfredrick@leearizona.com Stein Koss, SIOR, 602.912.3520, skoss@leearizona.com
Tom Louer, SIOR, 602.954.3779, tlouer@leearizona.com

About Us:

Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, office, land and investment sectors of the Phoenix commercial real estate market. The Phoenix office was established in 1991 and is now recognized as one of the most successful brokerage firms in the state. Each of our nationwide Lee & Associates offices has a strong local ownership combined with a powerful platform from the national Lee & Associates network.