CBRE Completes $7.33 Million Sale of Industrial Property

CBRE has completed the sale of a 97,500 sq. ft. industrial property located at 440 North 51st Avenue in Phoenix, AZ. Bill Bayless with CBRE’s Phoenix office represented the buyer, Dolphin Manufacturing.

440-n-51st

The seller, Kalyx, was represented by Steve Sayre with JLL. The total consideration for the transaction was $7.33 million.

“Dolphin Manufacturing’s current facility is being displaced due to a freeway expansion,” said CBRE’s Bayless. “440 offered the perfect size and location for a replacement facility.”



The 97,500 sq. ft. industrial property has served previous tenants both as a corporate headquarters and distribution facility. The building will be used as a manufacturing facility.

 

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