PHOENIX—A 69,429-square-foot ex-manufacturing facility and an adjacent 2.97-acre parcel at 1800 S. Price Rd. in Chandler has sold for $12.7 million.
California-based Cohen Asset Management, Inc. purchased the building from Abart Properties Corp. of Scottsdale. Lee & Associates Arizona principals Rick Lee and Andy Ogan represented Cohen. Bret Angner with Nova Management represented Abart in the transaction. The building is fully-leased to Iridium Communications with an estimated 10 years remaining on their lease.
The building is located in Chandler's Price Road Corridor, which is fast becoming the Valley's tech center. The area is served by the Loop 101 and Loop 202 freeways.
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