Cassidy Turley, a leading commercial real estate provider in the U.S., announced that it completed the sale of a ±30,240-square-foot industrial warehouse building at 5010 South 48th Street in Phoenix. Northcom 44, LLC (Logan, UT) purchased the property for $2,975,000 ($98.37 psf) from Sandy Point Partners, L.P. (El Paso, TX). Cassidy Turley Arizona’s Michael Haenel and Andy Markham, SIOR, negotiated the sale transaction representing the seller. William (Bill) Bayless of CBRE represented the buyer.
Built in 2007, the industrial showroom/warehouse project sits on +2.32 acres at the major crossroads of Broadway Road and 48th Street. The property was 100 percent leased at the time of sale. Garage Classics, LLC plans to utilize the full building.