Road Machinery Purchases 113,827-Square-Foot Warehouse for $9.2 Million

A Phoenix-based company bought a 113,827-square-foot industrial warehouse facility at 317 S. 48th St. in Phoenix for $9,200,000 or $80.82 per square foot. The transaction closed on Aug. 22. Lee & Associates Principal Ken McQueen represented the buyer, Road Machinery, LLC. The seller was Verde Investments, Inc. of Phoenix. The building, which sits on just…