Monday, May 11, 2020

Daum Commercial Directs Three Industrial Acquisitions in Greater Phoenix, AZ Area

  
 
Trevor McKendry
PHOENIX, AZ and TEMPE, AZ (May 11, 2020) – DAUM Commercial Real Estate Services recently completed three acquisitions of industrial properties totaling nearly 60,000 square feet in the greater Phoenix, Arizona market. 

Trevor McKendry and Chris Rogers, both Executive Vice Presidents based out of DAUM’s Phoenix office, represented the buyers in all three transactions. 

 “While we are navigating uncertain times, our top priority remains to act as strategic advisers for our clients, whether it means moving forward to close transactions as planned or reevaluating situations,” says McKendry.

 “The greater Phoenix market was well-positioned to weather the impacts of the pandemic based on strong growth fundamentals, and we are continuing to see business and investment activity throughout the region, as indicated by these three acquisitions. 

Chris Rogers
"Further, with over 2.6 million square feet of industrial space delivered in Q1 and more in the pipeline, we anticipate the significant future growth of this market.”  


The three recent acquisitions include: 

·        An 18,000 square-foot industrial building in Tempe, Arizona on behalf of the buyer, Crockett’s Honey, a family-owned raw honey manufacturer.  Crockett's operates 6,500 beehives along the Colorado River in Parker, Arizona.

·        A business park comprised of three industrial buildings, totaling over 25,870 square feet, in Phoenix, Arizona.  Located at 3615-3635 S. 16th Street in Phoenix, the property was purchased for $2 million. 


Carl Johnson
·        The seller was represented by DAUM Executive Vice President Carl Johnson, who is also based out of the firm’s Phoenix office. 

·        A16,056 square-foot manufacturing building in Phoenix, Arizona. The buyer, a private investor, plans to implement value-add exterior upgrades to the recently vacated property, including new paint, roof, and asphalt.  

Rogers and McKendry also are the exclusive listing agents for the property, which has both office and warehouse space. The property was purchased for $2.225 million and is located at 2840 E. Mohawk Lane in Phoenix.




Contacts:  

Katie Haga / Elisabeth Manville   
Brower Group  
(949) 438-6262  
khaga@brower-group.com 



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