Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 72,570 SF industrial property located at 8100 West Buckeye Road in Tolleson, Arizona. Andy Jaffe, SIOR of CPI’s Tempe Office represented the buyer, Barnhart Crane and Rigging Company, in this transaction. The masonry building was built in 1998 and is a single tenant building near the corner of 83rd Avenue and Buckeye Road as part of a regional nuclear response center.
This center was established in response to the Fukushima accident in Japan in 2011 where power was lost to effectively cool the reactor. The Phoenix center will be capable of getting the necessary equipment on-site using air and ground transportation within 24 hours to any site in America.
Randy Edington, executive vice president and chief nuclear officer at Arizona Public Service Company, which operates the Palo Verde nuclear facility commented, “Equipment from the regional response centers will enable all nuclear plant operators to protect their reactors and used fuel storage pools until normal power and cooling systems are restored. This is an addition to other measures, including built-in safety systems, the use of on-site portable emergency equipment, and portable equipment and materials on hand at all 62 nuclear energy facilities that can be utilized and shared during an emergency.”
Each facility contains five sets of equipment including portable backup generators, pumps, standardized couplings and hoses to be deployed into the field, and will undergo regular testing for operability.
According to Andy Jaffe, SIOR, “Their final decision to occupy was the large amount of land on-site, and overhead doors that aligned for ease of ingress and egress of their equipment. Also, it was a clear spanned building, which permits movement of their equipment, and proximity to the airport and freeway accessibility were key factors.”
The sale was valued at $3.9 million. Andy Jaffe, SIOR may be contacted for additional information at firstname.lastname@example.org or 480.966.2301.