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7/30/24
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In a recent AZ owner/user industrial buy, Setna iO/Setnix purchased a 112.3k sf facility in Tempe for $27.5 mil, or $245/sf. The space, located at 1345 S. 52nd St, represents a significant local expansion for the global organizations, which specialize in aftermarket aircraft parts supply and high-tech airplane parts machining and repair.
The newly renovated facility features a 32’ clear ceiling height, three dock-high and 10 drive-in doors, 4,000 amps of power, full building air conditioning and modern office spaces, all of which will support the company's rapid growth. Situated on a 9.17-acre site, the property offers 494 parking spaces.
The building sits near the confluence of Interstate 10 and US 60, with seven major freeways or expressways located within 10 minutes of the property. It is five minutes from Phoenix Sky Harbor International Airport.
Todd Hamilton, SIOR, CCIM with Citywide Commercial, along with Denise Stein Chaimovitz, SIOR, MA of Entre Commercial Realty LLC, represented the buyers in the deal. Mike Haenel, Andy Markham and Phil Haenel of Cushman & Wakefield repped the property seller, LBA Logistics.
“This new property allows Setna iO and Setnix to significantly expand their local repair and distribution capabilities, and continue their ongoing growth and commitment to innovation. The metro Phoenix aerospace market has experienced a tremendous boom, making Tempe a perfect market for these two companies to continue to thrive,” noted Hamilton.
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