PHOENIX—Following the recession and over the past five years, foreclosures have kept prices low on industrial/manufacturing buildings, according to Rob Martensen, vice president of Colliers.
Colliers International in Greater Phoenix recently completed the sale of an industrial manufacturing building in Tempe for $2.88 million, or $92 a square foot.
BRDDASH LLC of Tempe purchased the building from DKB Partners LLC of Mission Viejo, to manufacture automotive accessories through Dash Designs.
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