Tempe Warehouse Trades for $1.7M

A 27,800 SF Industrial warehouse at 7425 S. Harl Ave. in
Tempe at the I-10/Elliot Industrial Park sold November 14 for $1,695,000
or $60.97 per SF. The building was 67% leased at time of sale.

S  Harl_photo

Lee & Associates principals Andy Ogan, Matt Fredrick and Matt
McDougall represented both sides of this transaction. Ogan represented
the seller, Nevada-based Hollywood Equities, Inc. Fredrick and McDougall
represented the buyer, Phoenix-based Presson Corp.

The 1985 GID-zoned masonry building features 18’ clear height, grade
level loading, 100% A/C and a compressed air system. The building sits
on 2.34 acres near Elliot Rd and I-10 with quick access to Sky Harbor
International Airport and other transportation corridors.

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