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Cushman & Wakefield Advises Sale of 140,777 SF Industrial Building in Phoenix, AZ to Owner/Occupier for $18.2 Million

Hercules Industries acquires vacant, rail served property

Cushman & Wakefield has advised the sale of a 140,777-square-foot industrial building located at 4524 N 44th Avenue in Phoenix, Arizona. Known as Santa Fe 44, the vacant building sold to Hercules Industries, an owner/user for $18.2 million.

Phil Haenel, Will Strong, Andy Markham, SIOR, and Mike Haenel with Cushman & Wakefield in Phoenix represented the seller, BC5, LLC, in the transaction.

The buyer, a national manufacturer and wholesale distributor of HVAC sheet metal products and equipment, was represented by Bill Douglass of the Upland Group, Inc.

“This property presented a rare opportunity for an owner/user to acquire a high-quality industrial facility in Phoenix strategically positioned near freeway routes and corporate neighbors and that also features active rail service,” said Phil Haenel, Managing Director. “Phoenix’s industrial market remains robust, driven by growing demand from e-commerce as well as other industries that has led to record net absorption figures.”

Built in 2006, Santa Fe 44 is situated on 6.9 acres and features 32 to 36-foot clear heights, 9,000 sf of office, heavy power, ESFR sprinklers, ample dock and grade level loading, 108-foot concrete truck court and active BNSF Rail Service with 240-feet of rail dock and platform loading. The property is located near Highway 60 and Interstates 17 and 10, and also proximate to Phoenix Sky Harbor Airport.