Search
 

Tempe Industrial Goes for $8M

PHOENIX—In this week's Deal-Tracker, Cassidy Turley announces that a Calgary-based investment group, McKemy Holdings, has sold an 81,200-square-foot industrial property at 9235 S. McKemy St. in Tempe for $7.5 million. The buyer was Scottsdale-based private investment company, Development Services of America.

By Kristian Seemeyer | Updated on July 15, 2014

PHOENIX—Cassidy Turley announces that a Calgary-based investment group, McKemy Holdings, has sold an 81,200-square-foot industrial property at 9235 S. McKemy St. in Tempe for $7.5 million. The buyer was Scottsdale-based private investment company, Development Services of America. Senior managing directors Bob Buckley, Tracy Cartledge and Steve Lindley with Cassidy Turley’s capital markets group, brokered the transaction on behalf of seller and buyer.Built in 1999, the single tenant industrial building is fully occupied by MTD Southwest, Inc. an international design, manufacturing and sales company of outdoor power lawn and garden equipment.

-TUCSON—Colliers International in Greater Phoenix completed the sale of Villas at Roger Road, a 232-unit Class B apartment building in Tucson, for $5.68 million, or $24,504 per unit.Equilibrium Villas, LLC, of Washington, D.C., purchased the complex, located at 3985 N. Stone Ave., from Blue Valley Apartments, Inc. of West Palm Beach. Bill Hahn, Jeffrey Sherman and Trevor Koskovich, senior vice presidents of Colliers HSK Multifamily, served as the brokers for the buyer and the seller. The unit mix includes 88 one-bedroom and 144 two-bedroom/one-bathroom apartments, ranging from 500 square feet to 750 square feet. The building was constructed in 1984.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.