Upscale Peoria, Arizona Contractor Facility Sells to Owner/User for $2.1 Million

PHOENIX - Dec. 16, 2014 - PRLog -- A 4-acre industrial property with two buildings totalling 18,373 SF at 12268 N. 92nd Dr. in Peoria sold for $2,100,000 or $114.30 per SF.

Matt Hobaica, Principal with Lee & Associates brokered the transaction. The seller was One Cat Development Co., LLC of Peoria. The buyer was JAG Properties III, LLC of Shawnee, Kansas, dba Reddi Services. They will occupy the facility for their plumbing and HVAC operations.

The property features two industrial buildings; 14,100 SF and 4,273 SF. Both feature fire sprinklers, grade level doors, office space and is fully fenced with two gates.

The property is strategically located near the Loop 101 and Cactus Rd. and provides easy freeway access.

For more information:

Matt Hobaica, Principal
602.954.3755
mhobaica@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.