Scottsdale Owner Buys Two Industrial Properties For $2.7M in Phoenix

PHOENIX - Dec. 4, 2014 - PRLog -- A Scottsdale-based company purchased two industrial properties in Phoenix for a combined total of $2,715,000.

The two properties consisted of a 16,500 SF warehouse at 21018 N. 22nd St. in Phoenix for $55.45 per SF and a 14,000 SF warehouse with a 4.92 acre storage facility at 2626 S. 16th St. in Phoenix for $128.57 per SF.

Lee & Associates broker Pete Batschelet represented the buyer, Scottsdale Investment Management of Scottsdale.

The 2626 property is leased to the Arizona Department of Public Safety and uses the vast yard as a vehicle service facility. There are 9 years remaining on their lease. The 21018 building is leased to X-treme Apparel for 8 years. The building features heavy power, 20’ clear height and approximately 10 percent office space.

For more information:

Pete Batschelet
Associate
602.912.3522
pbatschelet@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.