The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
September 18, 2018
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
AZ Industrial Facility Acquired in $7.5 Mil Deal

9/07/18

Scottsdale-based G2 Capital purchased a 130.3k sf warehouse/manufacturing building in Tempe, AZ for $7.5 mil ($57.50/sf). The property, located at 550 W. Southern Ave, was sold by Southern Paramount LLC, an investment group based in Calgary, Alberta.

550 W. Southern Avenue is currently occupied by a manufacturing tenant who will be vacating at the end of the year. Situated on 9.78 acres, the property features functional configuration for industrial tenants – including over 38-foot clear height, dock-high and grade-level loading, and strong 1,600 amp electrical service.

Steve Lindley, Bob Buckley, and Tracy Cartledge with Cushman & Wakefield Phoenix’s capital markets group negotiated the transaction on behalf of the seller. According to Lindley, the buyer intends to complete a renovation of the property while marketing to a new user.

“The property has excellent frontage on Southern Avenue and is located in Tempe’s historically strong Broadway Industrial Park,” said James Greaves, Managing Director of G2 Capital. “Tempe’s central location, with virtually no land available for future industrial development, creates strong demand from both tenants and investors for buildings like 550 W. Southern.”





Return to the previous page
 
 


 
 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media