Tempe Industrial Building Sells; Tesla Motors to Lease Facility

A 42,281 SF industrial building at 2077 E. University
Dr., in Tempe has sold for $3,600,000 ($85.14 per SF) and will house a
service facility for Tesla Motors, the innovative maker of luxury, electric
automobiles.

2077 E University
This is the second location for a Tesla service center in the Valley.
The other is located in the Scottsdale Airpark. In addition, there is a retail
showroom at Scottsdale Fashion Square.
Lee & Associates Principals Dave Johnson and Jerry Marrell negotiated
on behalf of Essex-Scot, LLC of Riverside, CA. Andy Markham with
Cushman & Wakefi eld represented the buyer, Wentworth Property Co.,
LLC of Phoenix.
Essex-Scot, a window manufacturer, decided the facility was too
small for its needs and is securing a larger facility to meet its present and
future growth plans. Fifteen months ago, Essex purchased the property
for $2,050,000.
The 1997-built, freestanding facility features two truckwells, 18’ clear
height and heavy power. It is located near the Loop 101 east of Arizona
State University and just minutes from Phoenix Sky Harbor International
Airport.

Leave a Reply

Your email address will not be published. Required fields are marked *

5 × 3 =