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November 29, 2022
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Phoenix Area Industrial Property Snapped Up in $27.5 Mil Deal

2/09/22

A 227k sf, single-tenant industrial property in the Phoenix Metro area submarket of Tolleson was purchased for $27.5 mil ($121/sf) by an undisclosed institutional buyer. The property was sold by Stos Partners, who acquired the asset in December 2020 for $16.35 mil ($73/sf).

The building, located at 10300 W. Buckeye, was built in two phases in 2005 and in 2016. It features 32í clear height, dock-high loading doors, and variety of high-quality amenities.

This sale comes on the heels of a record year for Stos Partners. The firm acquired 11 properties last year totaling $221 mil and sold five assets totaling $112 mil, bringing the firmís total transaction volume in 2021 to more than $330 mil.





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