PHOENIX, AZ – A California buyer purchased the 187,611-square-foot industrial distribution building at 4405 W. Roosevelt St., Phoenix. Public records show the property commanded a sale price of $11.96 million ($64 PSF).
Lee & Associates Principals Stein Koss and Tom Louer and Associate Nick Nudo procured the buyer, MS International, Inc., Orange, CA. Don MacWilliam and Payson MacWilliam of Colliers International represented the property ownership, Crexus AZ Holdings 1, LLC of New York, NY.
MS International, Inc. (MSI) is a leading nationwide distributor of flooring, counter top, wall tile and hardscaping products. Headquartered in Orange, California, MSI maintains more than 20 distribution centers across the United States and Canada. MSI also has purchasing offices in India, China, Brazil, and Turkey.
Built in 1999, the building sits on 9.27 acres and features 30’ clear height and 36 dock high doors all equipped with dock levelers. The property is in the Papago Distribution Park, just south of Interstate 10 at the full-diamond interchange at 43rd Avenue.
For more information, Koss can be reached at 602.912.3520; Louer is at 602.954.3779; and Nudo should be contacted at 602.954.3773.