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RREEF Entity Collects $1.3 Mil in Warehouse Sale

TEMPE, AZ-USA Broadway, a RREEF entity, has transferred ownership of a 25,000-sf warehouse in Tempe to On-Time Logistics, a local freight shipper. The building carried a selling price of $52 per sf or $1.3 million.

By D.J. Burrough | Updated on July 31, 2001

TEMPE, AZ-Local freight shipper On-Time Logistics is the new owner of a 25,000-sf warehouse-distribution building. The 733 W. 22nd St. property has brought $1.3 million for USA Broadway, a RREEF entity.

The building, carrying a $52 per sf selling price, is at the southwest corner of Roosevelt and 22nd streets in one of the city’s industrial areas. Interstate 10 and Superstition Freeway, two of the Valley’s major thoroughfares, are within a mile of the site. Phoenix Sky Harbor Airport lies about four miles to the northwest.

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