The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
September 29, 2022
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Bio Huma Netics Buys 40k sf Building in Tempe, AZ

8/26/22

Bio Huma Netics Inc paid $10.5 mil for a 40.2k sf ($261/sf), freestanding warehouse building in Tempe, AZ. The building, situated on 3.3 acres at 3001 South Wilson St, was sold by Tempe-based Phoenix Plastics Products.

Built in 2004, the Union Pacific rail-serviced warehouse building includes 3,000 Amps, 277/480 volt electrical service, 24’-40’ clear ceiling height and is situated in an industrial neighborhood with proximity to Sky Harbor Airport and immediate access to US60, I-17, I-10 and Loop 202 freeways.

Mike Parker of CBRE represented Bio Huma Netics, a global leader in humic substances, and Phoenix Plastics in the transaction.

According to a recent CBRE report, the Phoenix industrial market set a new low vacancy for the Valley in Q2 2022 at 2.8% and leasing activity remains extremely high with 15.8 msf of net absorption by mid-year.

“The vacancy rate for freestanding industrial buildings in this submarket is one-half a percent and this sale is indicative of the strong demand from users looking to secure a facility in the Metro Phoenix area.” said Parker. “Even more appealing, the property has the option to add 10k sf, which can accommodate future growth and an existing UPRR rail spur for seven rail cars.”




Return to the previous 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 © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media