Lee & Associates broker $1.65M warehouse sale

Above: 123rf.com: feverpitched Real Estate | 15 Mar, 2016 |

A 14,728 square-foot warehouse building at 4200 E. Broadway Rd., Phoenix, sold for $1,651,000 or $112.10 per square-foot, according to Lee & Associates.

Lee & Associates Arizona brought both sides of the deal to the table. Matt Hobaica, principal, represented the buyer, KJB Supply Co., while Jeff Conrad and Andy Ogan, principals, represented the seller, John & Barbara Dadam Family Trust.

KJB Supply, Big D Floor Covering Supplies, is a Phoenix-based floor covering and home furnishings company.

“East Broadway Rd. has attracted several flooring companies and was a logical choice for Big D to locate to,” Hobaica said.

Built in 1973, the masonry constructed building, which sits on a 2.06 acre lot, features up to 18 foot clear ceilings, 2 grade level doors, 2 dock high doors, heavy power and 2,713 square-foot of office space.

The property has frontage on Broadway Road and is close to the I-10 Freeway and Phoenix Sky Harbor International Airport.

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