PHOENIX—A freestanding industrial asset totaling 322,070 square feet in Tolleson, AZ has changed hands. Located at 7980-7990 West Buckeye Rd., the single-tenant facility is fully leased on a long-term basis to a leading manufacturer of food service products.
The property was acquired for $48.83 million by SENTRE, a vertically integrated real estate investment firm headquartered in San Diego with extensive experience in office, industrial, retail and multi-family properties. The seller was Brennan Investment Group, a Chicago-based private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States. Cushman & Wakefield’s Private Capital Group in Phoenix consisting of Phil Haenel, Will Strong, Foster Bundy and Katie Repine represented the seller in the transaction.
According to Haenel, “This exceptional asset features a core, stabilized industrial building located in Southwest Phoenix, a dynamic submarket with robust industrial fundamentals fueled by strong tenant demand. With a strong credit tenant committed to the property for many more years together with its premier location and modern functionality, the asset is well-positioned for long-term investment success.”
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