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Amazon Buys AZ Industrial Asset for Its Last Mile Distribution Program

5/27/20

Amazon recently acquired a vacant, 106.8k sf industrial property in Tempe, AZ for $14.15 mil ($132.50). The property, located at 1516 W. 17th St, will be used as part of their “Last Mile” Distribution Program.

Rick Lee and Conner Lee with Lee & Associates Arizona represented the seller, Tempe One Investors LLC - Jeff Safchik & Brad Safchik, based out of Coral Gables, FL. The buying entity was Amazon.com Services LLC.




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