Daum Commercial completes $7 million sale of 34,845-SF, triple-net-leased asset in tight Phoenix, AZ submarket

 

Chris Rogers

                                         PHOENIX, AZ – 

DAUM Commercial Real Estate Services has completed the sale of an 34,845 square-foot, triple-net-leased industrial building situated on a 4.2-acre land parcel in the Phoenix, Arizona submarket of Deer Valley.

 The asset is located at 22200 N 7^th Street and sold for a total consideration $7.25 million.

 DAUM Executive Vice Presidents Chris Rogers and Trevor McKendry represented the seller, a private investor out of Arlington, Virginia, and procured the buyer, Boston-based TA Realty, in the transaction.

 “We have had a long-standing relationship with the seller and found an opportunity for them to capitalize on the momentum of Deer Valley, which has been further bolstered by Taiwan Semiconductor Manufacturing Co.’s new chip plant under development in the submarket,” explains Rogers.

Trevor McKendry

 “Our expertise and well-established connections in the local industrial market, especially in this submarket, allowed us to bring a highly active buyer to the table who understood the true value of the real estate and potential of the excess A-1 zoned land, along with meeting the specific terms of the seller.”

 Contacts: 

 Elisabeth Manville / Hanna Kokuashvili  

The Smart Agency  

(949) 438-6262 

hkokuashvili@thesmartagency.com  

www.daumcommercial.com.