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3/17/21
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Elliot Park 10, a 95.3k sf, multi-tenant industrial asset in Tempe, AZ, was acquired for $10.5 mil ($110/sf) by Emeryville, CA-based Libitzky Property Companies in an off-market deal. The property was 95% leased at the time of sale.
Situated in a convenient Tempe location, Elliot Park 10 comprises is located at 1819–1849 W Drake Dr and provides I-10 frontage. Built in the mid 1980s, the asset underwent recent exterior improvements including new paint, roof and landscaping during BKM’s ownership. The property features dedicated and common truckwells, ample parking, and is positioned near the I-10 and US-60 freeways and retail amenities.
Bob Buckley and Tracy Cartledge with Cushman & Wakefield in Phoenix represented the buyer and the seller, Newport Beach-based BKM Capital Partners, in the transaction.
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