An industrial distribution property at 2 -36 N. 35th Avenue in Phoenix, Arizona sold recently for $3.05 million ($32.48 PSF). The buildings are an aggregate 93,912 square-feet and were built in 1980.
The property sold to H35 Building LLP, an Arizona Limited Partnership. The seller was Lindquist Development Company, Inc., an Oregon Corporation. The buildings were 38% occupied at closing.
Steve Grossoehme of Rein & Grossoehme Commercial Real Estate of Scottsdale negotiated the transaction.
Grossoehme can be reached at (480) 214-9413.