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Industrial Duet Brings Nearly $1.3M

TEMPE, AZ-The 9,801-sf pair sell without ever coming to market. One seller with one loan finds two buyers to highlight the deal. One buyer puts up $615,000 and the other, $625,000 for the buildings in Tempe Commerce Center.

By Beverly Ford | Updated on September 10, 2002

TEMPE, AZ-Two small businesses scooped up a pair of 9,801-sf industrial buildings before they went on the market, paying a total of $1.25 million for separate properties in the Tempe Commerce Center.

“They didn’t even get to market. We had two buyers right away,” Andrew Ogen of Insignia/ESG tells GlobeSt.com.

Padilla-Houston, LLC, a partnership formed by the principals of environmental engineering company, Geotechnical Consulting and Testing, paid about $615,000 for one 9,801-sf building at 6103 South Maple Ave. while sign manufacturer Mountain States Specialties, Inc. purchased the second 9,801-sf structure at 6125 S. Maple Ave. for $625,000.

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