Lee & Associates announces the recent sale of 246 East Watkins Street, a single-story, 27,060 square foot, industrial warehouse building located within an Opportunity Zone in Phoenix, Arizona. Originally constructed in 1979 and significantly renovated in 2017, the building is situated on a 1.62-acre site, zoned A-1, Light Industrial District, City of Phoenix.
The building is 100% leased to Southland Industries on an industrial net-leased basis. Lee & Associates – Phoenix brokered the $3,700,000 sale of the 27,060 square foot industrial warehouse building at 246 East Watkins Street in Phoenix, Arizona. Steve Gonzalez, Greg Guglielmino, and Marcus Muirhead of the Lee & Associates Phoenix office represented the seller, KBP Realty Advisors, LLC. The buyer, JDFAZ, LLC, is a private investor from California.