Newly Constructed Manufacturing/Distribution Facility Expected to Quickly Lease
Phoenix, Arizona – CapRock Partners has paid $11 million for a newly constructed manufacturing/distribution facility at 4615 W. McDowell Rd. The vacant building, which was developed by Sun State Builders, contains 146,500 square feet of space and is expected to be leased quickly in a high-demand industrial market.
“This property is perfectly located off Interstate 10 with outstanding freeway visibility in a highly desirable in-fill area,” says Payson MacWilliam with Colliers International in Arizona. “The flexible design of this facility and a shortage of supply in the market have made this project very desirable. We have had tremendous interest from tenants since completion and expect it will be quickly leased.” The project is located a half mile from full diamond interchanges at 43rd and 51st avenues and Interstate 10.
CapRock Partners purchased the property from Sun State Builders. Payson MacWilliam, Don MacWilliam and Chris Reese of Colliers International in Arizona handled the sale transaction. The team has been retained by CapRock to handle leasing of the property. This marks the second building CapRock has recently purchased from Sun State. The first sale involved a property at 7200 W. Roosevelt.
The building features 32-foot clear height and is divisible for multiple tenants. A spec office suite has been constructed within the facility, which also contains 30 dock-high and four grade-level loading doors. The building is situated on 8.3 acres of land, offers 93 parking spaces and a full concrete truck court.