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6/29/26
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Stos Partners paid $5.75 mil for a 40k sf ($144/sf) industrial warehouse in Tempe, AZ. The property, located at 525 S. McClintock Dr, was sold by a private investor.
The 2.65-acre property is situated along a main infill industrial corridor in one of the Valley’s most established and supply-constrained industrial submarkets. Stos Partners will implement a comprehensive renovation program to transform the Class B asset into a modern multi-tenant industrial facility designed to serve a range of small-bay warehouse users.
Originally developed as a six-tenant industrial building, 525 S. McClintock Drive was most recently occupied by a single user. Upon completion of renovations, the property will offer five to six suites ranging from approximately 5k sf to 12.5k sf.
Planned improvements include construction of new speculative office space, reconfiguration of the warehouse into multiple tenant suites, upgrades to the parking lot, building façade and landscaping, warehouse enhancements, installation of new white scrim, HVAC replacements, roof resurfacing and new property signage.
Built in 1975, 525 S. McClintock Drive features 14-foot clear height, six grade-level loading doors, approximately 6,000 square feet of office space, HVAC throughout the warehouse and office areas, and more than 1,000 amps of power.
Located near the intersection of Loop 202 and Loop 101 and minutes from Arizona State University, the property provides convenient access to major transportation corridors, a large labor pool and some of the region's most established employment centers. The location is well suited for distribution, service-oriented, contractor and light industrial users seeking centrally located facilities within Tempe.
"Small-bay industrial space is in high demand, particularly in central infill locations where opportunities for new development are limited," said Morgan Hill, vice president at Stos Partners. "525 S. McClintock Drive is well-positioned to provide significant upside, and we are ready to begin modernizing the property to deliver a highly functional space for local and regional occupiers seeking accessibility to Southeast Valley. We acquired the deal off-market, and the attractive basis provides flexibility to execute a thorough renovation strategy while creating long-term value.”
Jack Tate and Payton Kruidenier of Ross Brown Partners represented both the buyer and seller in the transaction.
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