Menlo Group Commercial Real Estate has announced the sale of three Phoenix-area industrial properties, totaling over 74,000 sq. ft.
TEMPE, ARIZ — Menlo Group Commercial Real Estate successfully negotiated the sale of three industrial properties in June 2019. The Phoenix-area properties sold for a total of more than $6 million.
Williams Investments of Arizona, LLC, sold two adjacent industrial buildings, located at 5706 W. Missouri Ave. in Glendale, for $3.25 million. Menlo Group Executive Vice President Geoffrey Waldrom represented the seller of the 50,000-square-foot property. The buyer, Maximum Management Corporation, was represented by Todd Hamilton of Citywide Commercial.
Waldrom and Menlo Group Vice President Tom Ellixson also represented Williams Investments on the $1.3-million sale of 327 S. 27th Ave. in Phoenix. UltraKote Products, LLC, purchased the property, which includes a 13,000-square-foot industrial building sitting on a 2.55-acre lot with A-1 zoning. The local stucco manufacturer, which is a subsidiary of Mexico-based Cemix, has been occupying the space and represented itself during the transaction.
Another local company, CapPlus Technologies, enlisted the expertise of Waldrom to sell its 11,400-square-foot industrial building. The property is located at 22505 N. 18th Dr. in Deer Valley and sold to Blue Sky Pest Control for $1.5 million. The buyer was represented by TJ Zaharis of COBE Real Estate.
“We enjoyed the opportunity to work with the sellers of these great industrial properties,” Waldrom said. “These sales show just how vibrant the Valley’s industrial market continues to be.”
About Menlo Group
Menlo Group is a full-service commercial real estate brokerage that specializes in the medical, dental, professional office, childcare, industrial and investment property markets in the Phoenix metropolitan area. Through its unique processes, Menlo Group illuminates the path to success for each client. To learn more about Menlo Group’s industrial services, visit www.menlocre.com/industrial-flex.