PHOENIX—Cassidy Turley has negotiated the sale of Eastpoint Business Center located at 3191 N. Washington St. in Chandler. Privately held investment management company AICI of El Segundo purchased the 77,303-square-foot property from Dalfen America Corp. of Westmount, Quebec.
Cassidy Turley's senior managing directors Bob Buckley, Tracy Cartledge and Steve Lindley and associate Ben Geelan represented the seller.
“The submarket has historically been one of the strongest for smaller, multi-tenant industrial and flex-use,” Lindley tells GlobeSt.com. “It's surrounded by large companies, great housing and the same labor pool that those large companies have attracted.”
Lindley says the property has been 100% occupied for 10 of the last 15 years.
Built in 1998, Eastpoint Business Center is a fully occupied, multi-tenant general industrial property. The project's tenants include Presto-O-Fit Manufacturing, Port Plastics, Flash Co Manufacturing and Motorsport Aftermarket Group.
East Point Business Center sold for $6.5 million.
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