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California Investor Puts Up $2 Mil for Tempe Industrial Building

TEMPE, AZ-A California investor is unfazed by Tempe's high negative absorption, plunging ahead with a $2-million closing for a 40,300-sf industrial building. The building is located in the Valley's second highest vacancy submarket.

By D.J. Burrough | Updated on September 07, 2001

TEMPE, AZ-CCA Acquisition, a San Fernando Valley, a California-based investment company, has closed a $2-million acquisition of a 40,300-sf multi-tenant building in the heart of Tempe’s industrial district.

The 40,300-sf industrial building is situated at 1721 W. 10th Place. It is near the southwest corner of Priest and University drives and about a mile north of the intersection of Interstate 10 and Superstition Freeway. Sky Harbor Airport is about two miles west of the building site.

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