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8/24/21
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Capstone Advisors paid $14.05 mil for Galveston Technology Center, a 75.5k sf ($186/sf), Class A multi-tenant industrial flex building located in Chandler, AZ. The property was approximately 92% leased at the time of sale.
Located at 6825 W Galveston St, the multi-story complex features modern, flexible configuration, attractive design, and the highest corporate-quality tenant improvements.
The property is one half-mile east of Interstate 10, with direct access via full diamond interchanges at both Ray Rd and Chandler Blvd. It is also an amenity-rich area with strong corporate neighbors, high-quality, high-growth residential, and an abundance of nearby retail, restaurant and entertainment.
Cushman & Wakefield’s Steve Lindley represented the seller, Wexford Developments.
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