A 352,415, Class A distribution/manufacturing
building at 5125 E. Madison St., Phoenix, sold for $14,700,000 in a
September 4 transaction. Price per square foot was posted at $41.71.
Stein Koss and Tom Louer, both principals with Lee & Associates
and Tony Lydon of JLL negotiated on behalf of the seller, SunChase
Holdings, Inc., a Scottsdale corporation. The buyer, Pinnacle Films Corp.,
a Delaware corporation was represented by John Werstler and Jerry
McCormick of CBRE.
The building sits on 15.75 acres and features 30’ ceiling height,
39,000 SF of offi ce, 37 dock high and 11 grade level doors, covered
rail dock with 9 single wide, 4 double wide and 1 triple wide doors,
heavy power and sprinklers. The freestanding building also features
3,000-6,000a/277-480v heavy power and has 297 surface parking
The property is located in the sought-after Phoenix Sky Harbor
submarket and surrounded by the busy Loop 202 Red Mountain
Freeway and the SR-143 Hohokam Expressway and directly east of the
Phoenix Sky Harbor International Airport runway.