The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 12, 2020
 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
169k sf WA Industrial / Manufacturing Facility Traded in $17 Mil Deal


Pinnacle Peak CO LLC, based out of Bellingham, WA, paid $17 mil in cash for a 168.9k sf industrial manufacturing building in Phoenix. The property is located on 13.55 acres at 2140 West Pinnacle Peak Rd.

The property was sold by Thul LLC, a principle of APSM Systems, a sheet metal fabrication company founded in 1966 that has occupied the building since it was built in 1994. APSM has signed a 10 year leaseback on the property.

The building includes 25.5k sf of office space. It is in the Deer Valley submarket and, we’re told, represents the largest sale of a single-tenant industrial building in Deer Valley by both dollar amount and square feet since 2011.

Eric Bell, Mike Ciosek, and Dylan Scott with Kidder Mathews represented Pinnacle Peak Company in the transaction.

“This was a win-win for both buyer and seller. The buyer’s manufacturing background gave them a great comfort level with both the real estate and the tenant operations, and the seller is able to use the proceeds from the sale to reinvest in their growing manufacturing business,” said Bell.

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 © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media