PHOENIX, AZ – Precision Installation, Inc., a local commercial furniture and equipment installer, has purchased a 45,307-square-foot warehouse property at 8201 S. 48th Street in Phoenix for $2.98 million ($65.66 PSF) to relocate its corporate headquarters from the current Mesa, Arizona location.
Lee & Associates principals Rick Robertson and Scott Smith brokered the transaction on behalf of the seller, Jack Berg Family, LP of Santa Barbara, California. The buyer was represented by Clint and Blake Hardison of Keyser Corporation. The building was purchased using an SBA loan from Wells Fargo Bank.
“The transaction was a win-win opportunity for both buyer and seller and it offers the building a new lease on life after being vacant for over a year,” said Robertson.
The building, built by Sun State in 1998, sits on 2.65 acres, has 6,800-squaree-feet of office and 38,500-square-feet of evap-cooled warehouse space. It features 24’ clear height with storage racking, five dock high doors and one grade level door. The property is located in the Pointe South Mountain Business Park, close to I-10, US 60 and Phoenix Sky Harbor International Airport.
Robertson can be reached at (602) 954.3748 and Smith at (602) 954.3768 for more information.