SENTRE, a real estate investment firm, has recently purchased a 322,070-square-foot industrial property in Tolleson, Arizona for $48.8 million. The property was previously owned by Brennan Investment Group and was sold with representation from Cushman & Wakefield.
Originally built in 1988 and expanded in 2010, the asset was acquired by Brennan as part of a larger portfolio deal worth $178 million that included over 3.8 million square feet of space according to CommercialEdge data. AIC Ventures had previously sold this collection.
The building is currently fully leased to WinCup, a food service product manufacturer who has occupied the space since purchasing it between 1999 and 2008. The lease is set to expire in2039 under triple-net terms.
Situated on more than15 acres at7980-7990 W.Buckeye Roadin Phoenix’s Southwest Valley submarket,the facility offers convenient access less than three miles south of Interstate10.
Representing Brennan during the sale were Will Strong,P hil Haenel,Foster Bundy,and Katie Repine from Cushman & Wakefield.
SENTRE recently acquired an industrial property measuring over320K square feet located in Tolleson,AZ for$48.8M.The previous owner,Brennan Investment Group,sold this metro Phoenix asset with assistance from Cushman & Wakefield.According to CommercialEdge data,this building dates backto1988and underwent expansionin2010.Itwaspartofa largerportfolio deal worth$178Mthatincludedover3.Msquarefeetofspace.AICVentureshadpreviouslysoldthiscollection.WinCup,afoodserviceproductmanufacturer,hadfullyleasedthebuildingfrom1999to20008underatriple-netdealsettoexpirein2039.Thesiteislocatedat79807990W.BuckeyeRoadinthepopularSouthwestValleysubmarketofPhoenix,lessthan3milesfromInterstate10.TheCushman&WakefieldteamofWillStrong,PhilHaenel,FosterBundy,andKatieRepinerepresentedBrennaninthesale.
