PHOENIX AZ – A 352,415-square-foot, Class A distribution/manufacturing building at 5125 E. Madison St., Phoenix, sold for $14.7 million in a September 4 transaction. Price per square foot was posted at $41.71.
Stein Koss and Tom Louer, both principals with Lee & Associates and Tony Lydon of JLL negotiated on behalf of the seller, SunChase Holdings, Inc., a Scottsdale corporation. The buyer, Pinnacle Films Corp., a Delaware corporation was represented by John Werstler and Jerry McCormick of CBRE.
The Phoenix manufacturing building sits on 15.75 acres and features 30’ ceiling height, 39,000-square feet of office, 37 dock high and 11 grade level doors, covered rail dock with 9 single wide, 4 double wide and 1 triple wide doors, heavy power and sprinklers. The freestanding building also features 3,000-6,000a/277-480v heavy power and has 297 surface parking spaces.
The property is located in the sought-after Phoenix Sky Harbor submarket and surrounded by the busy Loop 202 Red Mountain Freeway and the SR-143 Hohokam Expressway and directly east of the Phoenix Sky Harbor International Airport runway.
For more information, contact the Koss/Louer team: Stein Koss at 602.912.3520; and Tom Louer, at 602.954.3779.