SKB, in partnership with Arc Capital Partners, has recently completed the acquisition of Fiesta Tech Center. This industrial campus is made up of two buildings and spans over 243,370 square feet in Gilbert. The purchase price for this property was $19.1 million.
The previous owner of Fiesta Tech Center was Nearon Enterprises who had owned the properties since 2019. According to Commercial Edge data, the industrial campus previously sold for approximately $18.1 million.
Currently leased by Kaiser Garage Doors & Gates, MKB Construction and Symage, these two buildings were built between 1987 and 1997. They offer amenities such as office space and a total of 523 parking spots for vehicles.
Located at 1250 and 1300 N.Fiesta Blvd., this industrial campus sits on a spacious16-acre lot that is easily accessible from Loops101and202 freeways.It’s also conveniently located just13 miles away from Phoenix Sky Harbor International Airportand19 miles away from Phoenix-Mesa Gateway Airport.
Cushman & Wakefield’s Phil Haenel,Wil Strong,Foster Bundy,and Katie Repine represented both parties involved in brokering this deal.
In recent news reported by Connect CRE , SKB has partnered with Arc Capital Partners to acquire Fiesta Tech Center – an expansive industrial complex consisting of two buildings spanning over243,370 square feet – located in Gilbert.The joint venture spent $19.lmillion on purchasingthis propertyfrom its previous owner,Nearon Enterpriseswho had held ownership since2019.Accordingto Commercial Edge records,theindustrialcampuswaspreviouslysoldforapproximately$18.lmillionbeforechanginghandsinthislatesttransaction.
FiestaTechCenteriscurrentlyleasedbyKaiserGarageDoors&Gates,MKBConstruction,andSymagewhichoccupythebuildingsbuiltbetween1987and1997.Thesebuildingsofferamenitiessuchasofficespaceandaparkingcapacityof523vehicles.
Situatedat1250and1300N.FiestaBlvd.,thisindustrialcampusoccupiesa16-acrelotthatiseasilyaccessiblefromLoops101and202freeways.Itisalsoconvenientlylocatedjust13milesawayfromPhoenixSkyHarborInternationalAirport,and19milesawayfromPhoenix-MesaGatewayAirport.
The deal was brokered by Cushman & Wakefield’s Phil Haenel, Will Strong, Foster Bundy and Katie Repine who represented both parties involved in the transaction.
