PHOENIX, ARIZONA -- Rein & Grossoehme recently closed on three industrial deals valued at $9.05 million.
INDUSTRIAL – 1705 W PARKSIDE LN, PHOENIX
The sale of 1705 W Parkside Ln, a 33,871-square-foot industrial building built in 2001 and renovated in 2018 was recently recorded. The location of the property is 1705 W Parkside Ln in Phoenix, AZ. The property sold to ZBH/Parkside, a owner/user. The seller was M & D Investments AZ, LLC. The sales price was $4.1 million which equates to $121 per square foot.
Chris Rogers and Trevor McKendry of DAUM Commercial Real Estate represented the seller and Max Schumacher and Patrick Sheehan of Rein & Grossoehme represented the buyer. The Sheehan/Schumacher team specializes in the sale of industrial buildings in the Phoenix market.
INDUSTRIAL – 10821 N 23RD AVE, PHOENIX
The sale of 10821 North 23rd Ave, a 41,000-square-foot Industrial Manufacturing building built in 1977 was recently recorded. The property sold to Dunbar Real Estate Investment LLC, out of El Segundo CA. The seller was 10821 North 23rd Ave Building LLC. The sales price was $2.95 million which equates to $71.00 per square foot. The building was 100% occupied at closing.
Steve Grossoehme of Rein & Grossoehme Commercial Real Estate represented both the Seller and the Buyer. Steve Grossoehme specializes in the sale of investment and Owner/User Industrial Buildings.
LAND – SOUTH ARIRPORT SUBMARKET, PHOENIX
The sale of 2818 E Illini St, an 18,000-square-foot industrial building on 1.95 acres built in 1960 was recently recorded. The property is located in the South Airport submarket in Phoenix, AZ. The property sold to Quail Corp a construction company. The seller was Redeka Ventures, LLC. The sales price was $2 million which equates to $111 per square foot. The seller was an owner/user and the buyer will be the same.
Patrick Sheehan and Max Schumacher of Rein & Grossoehme represented the seller and Rick Hall of Rick Hall Commercial Brokerage represented the buyer. The Sheehan/Schumacher team specializes in the sale of industrial buildings in the Phoenix area.
Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.