Lee & Associates Negotiates $2.95M Sale of Phoenix Distribution Facility

 
PHOENIX - Aug. 29, 2014 - PRLog -- A 25,465 SF warehouse building at 3880 E. Broadway Rd. in Phoenix has sold to a California owner/investor group for $2,950,000 or $115.00 per SF. The sale was completed on August 21.

The sale featured Lee & Associates principals on both sides of the transaction. Stein Koss and Tom Louer of the Phoenix office represented the seller, EERST Properties of Scottsdale. Nate Bubeck of the Phoenix office and Tom Gilmer of Lee’s Orange, CA office represented the buyer, William T White III Revocable Trust of Costa Mesa, CA.

The fully-occupied, one-story building is currently leased to Border Construction Specialties, LLC. The building sits on a 2.3 acre parcel and is located just south of Phoenix Sky Harbor International Airport and Interstate 10.

For more information, contact the Koss/Louer Team:

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 the 49 nationwide Lee & Associates offices has a strong local ownership combined with a powerful platform from the national Lee & Associates network.

Media Contact
Matt DePinto
602-474-9512
mdepinto@leearizona.com
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Source:Lee & Associates
Email:***@leearizona.com Email Verified
Tags:Commercial Real Estate, Industrial, Arizona
Industry:Industrial, Real Estate
Location:Phoenix - Arizona - United States
Subject:Deals
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