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5,800-SF Industrial Building Ropes $430,000

PHOENIX-A local screen printing company, which leases space next door, picks up the general industrial building in a seller-financed transaction. The 1980s-era structure was on the market just one week when the offer went on the table.

By Jennifer D. Duell | Updated on May 02, 2005

PHOENIX-A screen printing company, DAB LLC, has purchased a 5,800-sf general industrial building to expand its operations into a neighboring building. The company paid $430,000 to Filtemp Properties Inc. to get the keys to a 1980s-era building near Sky Harbor International Airport.

The buyer of record, DAB LLC, structured a seller-financed deal for 4814 S. 35th St., according to Andrew Markham, a senior associate with Grubb & Ellis/BRE Commercial LLC who brokered the transaction. “The building was on the market just one week before DAB showed interest in it,” he tells GlobeSt.com, adding the buyer was the only offer for the building. “They were neighbors and they needed more space so it was a good solution.” He says Filtemp Properties, which operated a water filtration company at the location, decided to sell the real estate after the business was sold and relocated.

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