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1/18/21
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Stos Partners has acquired its first property in the Phoenix Metro area with the acquisition of a 227k sf, single-tenant, industrial asset in Tolleson, AZ. The property was acquired all-cash off-market from a private seller for $16.35 mil ($72/sf).
The property, located at 10300 W. Buckeye, was built in two phases in 2005 and in 2016. It includes a variety of high-quality amenities including 32’ clear heights, and dock high loading doors, among several other features. The property is 100% occupied and is located in one of the most in-demand and fastest growing industrial submarkets in Southwest Phoenix.
“Tolleson has quickly emerged as the preferred infill destination for large distribution and manufacturing tenants in the region,” says Jason Richards, Partner with Stos Partners. “This made this a very attractive acquisition as there will continue to be strong demand for the asset over time.”
Bob Broyles at Colliers and Jeff Hays at Commercial Properties represented both parties in the transaction.
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