East Phoenix Manufacturing Building Sells for $14.7 Million

PHOENIX - Sept. 29, 2015 - PRLog -- A 352,415, Class A distribution/manufacturing building at 5125 E. Madison St., Phoenix, sold for $14,700,000 in a September 4 transaction. Price per square foot was posted at $41.71.

Stein Koss and Tom Louer, both principals with Lee & Associates and Tony Lydon of JLL negotiated on behalf of the seller, SunChase Holdings, Inc., a Scottsdale corporation. The buyer, Pinnacle Films Corp., a Delaware corporation was represented by John Werstler and Jerry McCormick of CBRE.

The building sits on 15.75 acres and features 30’ ceiling height, 39,000 SF of office, 37 dock high and 11 grade level doors, covered rail dock with 9 single wide, 4 double wide and 1 triple wide doors, heavy power and sprinklers. The freestanding building also features 3,000-6,000a/277-480v heavy power and has 297 surface parking spaces.

The property is located in the sought-after Phoenix Sky Harbor submarket and surrounded by the busy Loop 202 Red Mountain Freeway and the SR-143 Hohokam Expressway and directly east of the Phoenix Sky Harbor International Airport runway.

For more information, contact the Koss/Louer team:

Stein Koss, Principal, SIOR
602.912.3520; skoss@leearizona.com

Tom Louer, Principal, 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.