MDC Realty Advisors has recently acquired a 144,907-square-foot industrial property near Sky Harbor Airport for $24.3 million. The seller, American Refrigerator Supplies Inc., also signed a leaseback agreement as reported by Commercial Edge.
Located at 2632 E. Chambers St., the one-story facility was built in 1996 and boasts features such as 28-foot clear heights, HVAC climate control systems, six grade-level loading doors with dock levelers and bumpers, a spacious office component of 30,500 square feet and ample parking space for up to 132 vehicles.
Situated on a sprawling seven-acre lot near Interstate-10 and Arizona State Route-143,the property is conveniently located just four miles from Phoenix Sky Harbor International Airport,and within easy reach of Glendale (16 miles), Chandler (19 miles)and Phoenix-Mesa Gateway Airport(31miles).
The transaction was successfully negotiated by Cushman & Wakefield Vice Chairman Phil Haenel on behalf of both parties.
According to recent data from CommercialEdge,Pheonix saw an impressive $161 million worthof industrial sales in January aloneat an average sale price of $152 per square foot.This acquisition adds further momentum to the city’s thriving commercial real estate market.The post titled “MDC Pays $24.3M for Sky Harbor Warehouse” originally appeared on Connect CRE.
