Cushman & Wakefield, a global leader in commercial real estate services, announced today that Phoenix-based Wentworth Property Company (“WPC”) purchased a ±42,281 square foot industrial property at 2077 E. University Drive in Tempe, Ariz. for $3.6 million.
The seller was Essex Scot, LLC of Riverside, Calif.
Andy Markham, SIOR, Mike Haenel, Will Strong and Phil Haenel of Cushman & Wakefield negotiated the sale transaction on behalf of the buyers, WPC. Dave Johnson and Jerry Marrell with Lee & Associates represented the sellers.
Located one-half mile south of Loop 101 on University Drive, the property includes ±16,184 square feet of office and showroom space and ±26,097 square feet of warehouse space with two truckwell doors. Built in 1997, the property sits on 2.69 acres and includes parking for 79 cars.