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3/08/24
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Canada-based MDC Realty Advisors (MDC) purchased a 114.9k sf, Class A industrial facility in Phoenix for $24.3 mil in a sale/leaseback transaction. The current occupant, American Refrigerator Supplies Inc, sold the freestanding building and also signed a long-term leaseback for the entire facility.
2632 East Chambers Street is situated on seven acres and features modern design and functionality, with 28-foot clear height, 30.5k sf of office space, and immediate access to Phoenix Sky Harbor International Airport, SR-143 and I-10 freeways. The property is also within a six-hour drive of the Ports of Los Angeles and Long Beach and is conveniently accessible to the major mountain west markets.
Cushman & Wakefield’s Phil Haenel, Will Strong, Foster Bundy, and Katie Repine of the firm’s private capital group represented both parties in the transaction.
“2632 East Chambers Street is a premier industrial asset in the highly desired Sky Harbor submarket of Phoenix. The property is supported by a strong occupant and its leaseback intends to provide predictable, stable cash flow,” said Haenel.
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