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Multi-tenant Industrial Park Sells for $8.9 Million in Tempe
By: Lee & Associates
Lee & Associates Principals Kurt Saulnier, Pat Dempsey and Jan Fincham represented the seller Cal-Eaton Properties, LP, based in Tempe. Cal-Eaton Properties originally developed the properties in 1984 and 1986 and has retained ownership for the past 32 years. The Lee team also secured the buyer, Fifth Street Commerce Center, LLC, of Portland, Oregon.
The 5 multi-tenant buildings total 106,950 SF and consists of 76 office/warehouse bays and 15 small office suites. The property is located just West of the Loop 101 and just South of Tempe Marketplace.
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Now in its 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.