A 94,885 SF industrial distribution property at 2021 E. Jones Ave., Phoenix, sold for $7,068,932 or $74.50 per SF to a national moving and storage company.
Lee & Associates Principal Matt McDougall represented the building owners, Cohen Asset Management, Los Angeles, while Principal Steve Farrell represented the buyer, S&M Moving Systems, Phoenix. The company is one of the largest, full-service moving and storage companies in the U.S.
Built in 1989, the distribution building features 28’ to 32’ clear height, 20 exterior dock doors, 1.5 acre storage yard/trailer parking, concrete truck court and heavy power. The building is centrally located just south of the I-17/ I-10 freeway interchange and close to Phoenix Sky Harbor International Airport.