Overton Moore Sells 76,950 SF Warehouse Sells For $5.7M

PHOENIX - Feb. 16, 2016 - PRLog -- Overton Moore Properties (OMP), Gardena, CA, sold one of its Valley industrial holdings at 301 N. 45th Ave., Phoenix for $5,700,000 or $74.07 per SF.

Stein Koss and Tom Louer, Principals with Lee & Associates, sold the 76,950 SF distribution building to OMP just 18-months ago. The Koss | Louer team was then engaged by W & L Investments to find a home for their produce business.

W & L Investments is a Phoenix-based, family-run produce supplier in the Valley. Overton Moore Properties is a full-service commercial real estate firm focusing on properties in California, Arizona and Nevada. They are the second largest developer in Los Angeles.

Built in 1998 by Buzz Oates, the 76,950 SF freestanding distribution building features 28’ clear height, heavy power, 18 dock doors and 9 grade level doors. The building has proximity to the I-10 Freeway and the approved Loop 202 extension which will connect with the I-10 in the future.

For more information:

Stein Koss, SIOR
PRINCIPAL
602.912.3520
skoss@leearizona.com

Tom Louer, SIOR
PRINCIPAL
602.954.3779
tlouer@leearizona.com

www.kosslouer.com

About Us:

Now in our 25th year,
Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, office, investment, multifamily, and land 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.