Tempe Warehouse Trades for $1.7 Million

TEMPE, AZ – A 27,800-square-feet Tempe warehouse at 7425 S Harl Avenue in Tempe at the I-10/Elliot Industrial Park sold November 14 for $1,695,000 ($61 PSF). The industrial building was 67% leased at time of sale.

Lee & Associates principals Andy Ogan, Matt Fredrick and Matt McDougall represented both sides of this transaction. Ogan represented the seller, Nevada-based Hollywood Equities, Inc. Fredrick and McDougall represented the buyer, Phoenix-based Presson Corp.

The 1985 GID-zoned masonry building features 18’ clear height, grade level loading, 100% A/C and a compressed air system. The building sits on 2.34 acres near Elliot Rd and I-10 with quick access to Sky Harbor International Airport and other transportation corridors.

To learn more Andy Ogan can be reached at 602.474.9565, Fredrick is at 602.912.3532 and McDougall can be contacted at 602.474.9561