Industrial warehouse sold – $2.9 M

The sale of an industrial warehouse located at 3717 West Washington Street, Phoenix, AZ was recently recorded.  The 46,266 square foot industrial warehouse, built in 1991 is located within the Reywest Commerce Center.  The property sold to CAM Investment 354 LLC, a California Investment firm.  The seller was Johnson Grove Partnership.  The sales price was $2,912,750 which equates to $62.95 per square foot.  The building was 100% occupied at closing.

Steve Grossoehme of Rein & Grossoehme Commercial Real Estate represented both the Seller and the Buyer in the transaction.

 

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