A three-building downtown Phoenix industrial park sells for $16M in off-market deal

Parc 17, a three-building downtown Phoenix industrial park, recently sold for $16,100,000 in an off-market transaction deal. According to a press release, the 177,770-square-foot industrial park, built in 2015, is located 1800-1880 S. 7th Ave. Principals Stein Koss, Tom Louer and Associate Nick Nudo of the Koss | Louer Team at Lee & Associates, represented […]

Lee & Associates team sells a southwest phoenix distribution building

Lee & Associates recently sold a southwest phoenix distribution building in the Papago Distribution Park to a California buyer. The property at 4405 W. Roosevelt St. is just south of Interstate 10 at the full-diamond interchange at 43rd Avenue, according to a press release. Built in 1999, the 187,611 square-foot industrial distribution building, sits on […]

Former Ashley Furniture warehouse sells for $3.95M to RacePRO Products

A former Ashley Furniture warehouse at 2929 NW Grand Ave. recently sold to RacePRO Products for $3,950,000.   Price per square foot was calculated at $28.08, according to a press release. Lee & Associates Arizona Principals Rick Robertson and Scott Smith negotiated the transaction on behalf of the seller, Southwestern Furniture of Wisconsin, LLC, Arcadia, […]

Lee & Associates announce the sale of a manufacturing building for $5.65M

Lee & Associates announce the recent sale of a 90,463 square-foot industrial manufacturing building for $5,65M. Price, per square-foot, was calculated at $62.46. The property, located 4501 W. Polk St. in Phoenix, was vacant at the time of sale, according to a press release. Constructed in 1986, the building sits on 3.58 acres. Features include […]