California Developer Enters Phoenix Market With $6.95M Industrial Buy

Overton Moore Properties (OMP), a Gardena, Calif. based development company purchased a 127,680 SF warehouse facility at Freeport Center, 420 S. 53rd Ave., Phoenix for $6.95M ($54.43 PSF). The price included a 2.09 acre site adjacent to the building. The recently closed transaction marks Overton Moore’s entry into the Phoenix commercial real estate market. OMP acquired this asset under its…