5010 S 48th Street, Cassidy Turley

Cassidy Turley Completes $2.975M Sale of Warehouse Building

Cassidy Turley announced it completed the sale of a ±30,240-SF industrial warehouse building at 5010 S. 48th St. in Phoenix. Northcom 44, LLC (Logan, UT) purchased the property for $2.975M ($98.37 psf) from Sandy Point Partners, L.P. (El Paso, TX). Cassidy Turley Arizona’s Michael Haenel and Andy Markham, SIOR, negotiated the sale transaction representing the seller. William (Bill) Bayless of CBRE represented the buyer.

Built in 2007, the industrial showroom/warehouse project sits on +2.32 acres at the major crossroads of Broadway Road and 48th Street. The property was 100 percent leased at the time of sale. Garage Classics, LLC plans to utilize the full building.

POSTED: . TAGS:
AZRE

About AZRE

Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.