DAUM Commercial Real Estate Services recently secured a 10-year lease of a 42,000 square-foot industrial building on behalf of the tenant, Empire Metal Products, Inc., and the landlord, a private investor.
The lessee, a metal production company specializing in sheet metal, stainless steel, aluminum, mild steel, and copper, is moving and expanding from its current Phoenix headquarters, according to DAUM Executive Vice President David Wilson, who completed the lease transaction with DAUM Associate Carter Wilson. The Wilson Team, who represents and manages the private owner’s properties throughout Arizona, felt that this facility would be a great fit for Empire Metal Products.
“Empire Metal has experienced significant growth in recent years and was seeking a larger manufacturing facility with more capabilities to accommodate the increase in operations,” explains Carter.
He notes that the property is located in Phoenix’s Metro Industrial Center, within just two miles of Empire Metal Products’ previous long-time headquarters, which allowed for a seamless transition.
David adds: “The building is ideally positioned less than a mile from a full diamond interchange to Interstate 17, providing easy access throughout the Central Phoenix and Deer Valley markets.”
The facility is fully air conditioned and features 3,600 amps, 277/480-volt three phase power, fence-secured parking for 125 spaces, 18’ clear height, and 12’ by 16’ grade-level overhead doors.
The building sits on 2.2 acres and is located at 2362 W. Shangri-la Road in Phoenix, Arizona. The total consideration of the lease is $4.3 million.