Tempe Warehouse Trades for $1.7M

TEMPE, Ariz. - Nov. 18, 2014 - PRLog -- A 27,800 SF Industrial warehouse at 7425 S. Harl Ave. in Tempe at the I-10/Elliot Industrial Park sold November 14 for $1,695,000 or $60.97 per SF. The building was 67% leased at time of sale.

Lee & Associates principals Andy Ogan, Matt Fredrick and Matt McDougall represented both sides of this transaction. Ogan represented the seller, Nevada-based Hollywood Equities, Inc. Fredrick and McDougall represented the buyer, Phoenix-based Presson Corp.

The 1985 GID-zoned masonry building features 18’ clear height, grade level loading, 100% A/C and a compressed air system. The building sits on 2.34 acres near Elliot Rd and I-10 with quick access to Sky Harbor International Airport and other transportation corridors.

For more information:

Andy Ogan, aogan@leearizona.com, 602.474.9565
Matt Fredrick, mfredrick@leearizona.com, 602.912.3532
Matt McDougall, mmcdougall@leearizona.com, 602.474.9561

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.