Rein & Grossoehme Report Recent Industrial Sales Totaling $29.17 Million

PHOENIX, ARIZONA (Oct. 31, 2022) — Rein & Grossoehme of Phoenix, specializing in the sale of investment properties and retail, office and industrial leasing is reporting $29,170,000 in recent industrial sales:

INDUSTRIAL PROPERTY – 4750 S 32nd St in Phoenix, AZ
The sale of 4750 S 32nd St in Phoenix, AZ, a freestanding building multi-tenant industrial property totaling 32,760 square feet was recently recorded. The property sold to an investor from Phoenix. The sales price was $6,120,000 which equates to $186 per square foot. Max Schumacher and Patrick Sheehan of Rein & Grossoehme Commercial Real Estate represented both the Buyer and the Seller.

INDUSTRIAL – 18429-18477 S 187th Pl in Queen Creek, AZ
The sale of 18429-18477 S 187th Pl in Queen Creek, AZ was recently recorded. The property consists of two industrial warehouses totaling 24,200 SF on 2.2 acres. The property sold to an owner user based out of Texas. The buildings are in shell condition. The sales price was $4,140,000 which equates to $170 per square foot. David Bean and Cory Sposi of Commercial Properties, Inc represented the seller and Max Schumacher and Patrick Sheehan of Rein & Grossoehme represented the buyer. Max Schumacher and Patrick Sheehan specialize in the leasing and sale of industrial properties in Phoenix.

CONTRACTOR’S YARD – 4022 W Broadway Rd in Phoenix, AZ
The sale of 4022 W Broadway Rd in Phoenix, AZ was recently recorded. The property is a 5.22 acre contractor’s yard with 1,300 SF of canopy structures. The buyer found the property attractive due to its heavy industrial zoning, ample power, and fully fenced improvements. The sales price was $3,800,000 which equates to $16.71 per square feet for the land. Max Schumacher and Patrick Sheehan of Rein & Grossoehme Commercial Real Estate represented the Seller. Max Schumacher and Patrick Sheehan specialize in the leasing and sale of industrial properties in Phoenix.

CONTRACTOR’S YARD – 411 S 33rd Ave in Phoenix, AZ
Both the sale and subsequent lease of 411 S 33rd Ave in Phoenix, AZ was recently recorded. The property is a 2.64 acre contractor’s yard with an 18,000 square foot clear span distribution buildings. The property sold to an investor out of Connecticut. The sales price was $3,750,000 which equates to $201.96 per square foot. Max Schumacher and Patrick Sheehan of Rein & Grossoehme Commercial Real Estate represented both the Buyer and the Seller. Max Schumacher and Patrick Sheehan specialize in the leasing and sale of industrial properties in Phoenix.

WAREHOUSE – 745 W Linden St in Phoenix, AZ
The sale of 1745 W Linden St in Phoenix, AZ was recently recorded. The property is a 16,000 SF office warehouse property with 1200 Amps of power and a truck well. This was a 2 year sale leaseback at a 6.5% cap rate. The sales price was $1,900,000 which equates to $118.58 per square foot. Max Schumacher and Patrick Sheehan of Rein & Grossoehme Commercial Real Estate represented the Seller while Drew Sampson and Wally Hale of Avison represented the buyer. Max Schumacher and Patrick Sheehan specialize in the leasing and sale of industrial properties in Phoenix.

INDUSTRIAL – 6262 N 57th Ave in Phoenix, AZ
The sale of 6262 N 57th Ave in Phoenix, AZ was recently recorded. The property is a 9,000 square foot industrial building on .94 acres. The property sold to an owner-user company from Texas. The sales price was $1,800,000 which equates to $199 per square foot. Max Schumacher and Patrick Sheehan of Rein & Grossoehme Commercial Real Estate represented the Seller. Max Schumacher and Patrick Sheehan specialize in the leasing and sale of industrial properties in Phoenix.

INDUSTRIAL – 756-760 W Illini St in Phoenix, AZ
The sale of 756-760 W Illini St in Phoenix AZ was recently recorded. The property is a .94 acre parcel with a 4,900 square foot freestanding metal building. The property sold to an investment company based in Phoenix. The sales price was $1,050,000 which equates to $213.73 per square foot. Max Schumacher and Patrick Sheehan of Rein & Grossoehme Commercial Real Estate represented both the Buyer and the Seller. Max Schumacher and Patrick Sheehan specialize in the leasing and sale of industrial properties in Phoenix.

WAREHOUSE – 5017 S 36th St – #7 in Phoenix, AZ
The sale of 5017 S 36th St – #7 in Phoenix, AZ, was recently recorded. The property is a .45 acre single-tenant office warehouse industrial property totaling 7,125 SF of building. The property sold to an owner-user from Phoenix. The sales price was $1,430,000 which equates to $200 per square foot. Max Schumacher and Patrick Sheehan of Rein & Grossoehme Commercial Real Estate represented the Seller. Max Schumacher and Patrick Sheehan specialize in the leasing and sale of industrial properties in Phoenix.

THREE INDUSTRIAL PROPERTIES:
The sale of three properties; 2926 W Virginia Ave, 2940 W Virginia Ave/2939 W Windsor Ave, and 3020 W Windsor Ave in Phoenix, AZ were recently recorded.

• 2926 W Virginia Ave is a freestanding single-tenant industrial building totaling 6,300 square feet on .4 acres that sold to an owner-user out of Texas. The sales price was $1,000,000 which equates $158 per square foot.
• 2940 W Virginia Ave/2939 W Windsor Ave are a portfolio of two office warehouse industrial properties totaling 25,998 square feet on 1.3 acres. These sold to an owner-user out of California. The sales price was $3,200,000 which equates to $123 per square foot.
• 3020 W Windsor Ave is a freestanding industrial building totaling 8,200 square feet on .6 acres. This property sold to a local non-profit organization. The sales price was $980,000 which equates to $119 per square foot.

Max Schumacher and Patrick Sheehan of Rein & Grossoehme Commercial Real Estate specializing in the leasing and sale of industrial properties in Phoenix represented the seller.