Daum Commercial Real Estate Services has negotiated the lease of a 32,241-square-foot distribution center located at 5230 W. Buckeye Road in Phoenix for just under $1 million.
Steve Bodeman, executive vice president with Daum Phoenix, represented the lessee, Express Furniture Rental, in the transaction. This represents Bodeman’s fourth lease transaction for Express Furniture Rental over the past several years.
The lessor was Lincoln Property Company and was represented by Kyle Westfall and Pat Harlan from JLL of Phoenix.
Express Furniture Rental is in the furniture rental business and caters to the temporary housing industry, which is comprised of corporate housing, traveling nurse, insurance housing and student Housing. They also offer the sale of previously rented furniture at reduced prices. Express Furniture Rental signed a seven-year lease.
With locations in eight major markets on the West Coast including Phoenix, Tucson, Portland, Seattle, Sacramento, LA, San Diego and Fresno, Express Furniture Rental has grown to be the fourth largest furniture rental company in the country.