A 94,885-square-foot industrial distribution property at 2021 E. Jones Ave., Phoenix, sold for $7,068,932 or $74.50-per-square-foot to a national moving and storage company.
Lee & Associates Principal Matt McDougall represented the building owners, Cohen Asset Management, Los Angeles, while Principal Steve Farrell represented the buyer, Phoenix-based S&M Moving Systems.
The company is one of the largest, full-service moving and storage companies in the U.S.
Built in 1989, the distribution building features 28-foot to 32-foot clear height, 20 exterior dock doors, 1.5 acre storage yard/trailer parking, concrete truck court and heavy power.
The building is centrally located just south of the Interstates 17 and 10 freeway interchange and close to Phoenix Sky Harbor International Airport.