The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 18, 2019
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

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


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 Archive 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 © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media