"Image and location were the keys" to the five-year $679,000 triple net deal, Ken McQueen with Insignia/ESG tells GlobeSt.com. He said the tenant, which sells and distributes plumbing and air conditioning supplies, found both in the newly built 66,429-sf, flex industrial building at 4346 E. Elwood St.
The location just south of University Drive provides easy access to the Valley's freeway system and the building, completed in June 2002, is an impressive upgrade from the firm's current location at 2121 W. Willetta St., McQueen said. The company will relocate in March.
Owned by Hewson Development Corp., the property still has more than 40,000 sf available for lease at 66 cents per sf triple net, McQueen noted. He and James Harper, also with Insignia/ESG, represented the building owner in the transaction. John Talley of Mohr Partners represented Mountain Country Supply.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
