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FD Stonewater Picks Up 223k sf AZ Industrial Building

4/14/22

FD Stonewater, an Arlington, VA-based real estate firm, purchased Alside Distribution Center, a 222.6k sf industrial building in Yuma, AZ. It was sold by Merit Properties.

Alside Distribution Center, located at 7550 East 30th St, is a single-tenant manufacturing and distribution building. Features include 25 clear height, 22 dock-high doors, and trailer storage.

The property has been fully occupied by Alside since its original development in 2005. Alside is a division of Associated Materials, a leading manufacturer and distributor of vinyl windows, siding, and doors. The large 21.1-acre site, which provides additional expansion opportunities, is on a ground lease owned by the tenant, with 74 years remaining.

CBREs Barry Gabel, Chris Marchildon and Dan Calihan represented the seller in the deal. The price was not given out.

Due to its proximity to Southern California, as well as Phoenix and Tucson, Ariz., Yuma is an ideal manufacturing and distribution hub with a record 99.9% occupancy rate, according to CBRE research.




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