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7/30/26
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Longpoint Partners has purchased Eastpoint I & II, a two-building, 136.6k sf institutional-quality industrial business park in the highly sought-after Chandler submarket of Phoenix. The property, located at 3191 N. Washington St and 250 E Elliot Rd, went for $34.65 mil ($254/sf).
The multi-tenant facility consists of two modern industrial buildings designed to accommodate a wide range of tenant profiles, featuring multiple points of ingress and egress, flexible suite configurations, efficient loading capabilities, ample on-site parking, and substantial power capacity.
The project is currently leased to eight tenants, with five tenants occupying Eastpoint Business Center I and three tenants in Eastpoint Business Center II, providing a diversified rent roll and reduced single-tenant exposure. The area benefits from exceptional regional accessibility, with immediate connectivity to four major freeways within a 10-minute drive, supporting both local and regional distribution needs.
Phil Haenel, Will Strong, Foster Bundy, and Madeline Warren with Cushman & Wakefield arranged the transaction on behalf of the seller. Baron Properties.
“Located within one of Phoenix’s most dynamic and supply-constrained industrial corridors, this property benefits from sustained tenant demand and limited new infill development. The Chandler submarket continues to attract a diverse mix of industrial users due to its favorable business climate, skilled labor pool, and strong demographic growth. These fundamentals support long-term occupancy and income stability,” Bundy said.
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