Overton Moore Sells 76,950 SF Warehouse For $5.7 Million


301 N. 45th Ave.PHOENIX, AZ – Overton Moore Properties (OMP), Gardena, CA, sold one of its Valley industrial holdings at 301 N. 45th Ave., Phoenix for $5.7 million or $74.07 per SF.

Stein Koss and Tom Louer, Principals with Lee & Associates, sold the 76,950 SF distribution building to OMP just 18-months ago. The Koss | Louer team was then engaged by W & L Investments to find a home for their produce business.

W & L Investments is a Phoenix-based, family-run produce supplier in the Valley. Overton Moore Properties is a full-service commercial real estate firm focusing on properties in California, Arizona and Nevada. They are the second largest developer in Los Angeles.

Built in 1998 by Buzz Oates, the 76,950 SF freestanding distribution building features 28’ clear height, heavy power, 18 dock doors and 9 grade level doors.

The building has proximity to the I-10 Freeway and the approved Loop 202 extension which will connect with the I-10 in the future.

For more information: STEIN KOSS, SIOR, 602.912.3520, TOM LOUER, SIOR, 602.954.3779.