The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 6, 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
AZ Industrial Sales Comp Works Out to $159/sf

11/03/22

In an AZ industrial buy, Pennybacker Capital Management LLC paid $11.5 mil for a fully leased 72.1k sf ($159.50/sf) facility in Tempe. Known as the Tempe Industrial Center the freestanding building is 100% leased and serves as the headquarters to a high-end bike manufacturing company.

Located at 6720 S Clementine Rd, Tempe Industrial Center is strategically located near multiple freeways, including Interstate 10, and is in close proximity to State Routes 202, 60 and 101. The location is also minutes from Sky Harbor Industrial Airport.

Cushman & Wakefield’s Phil Haenel, Mike Haenel, Will Strong and Andy Markham, SIOR represented the Austin, TX-based buyer and the seller in the transaction.

“The property is well positioned in the South Tempe industrial submarket, where vacancy is 4.0% according to Cushman & Wakefield’s latest Q3-2022 market report. The property is also a prime example of the many manufacturing operations and corporate headquarters Tempe houses across a variety of industries,” said Phil Haenel.





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