A 96,000 SF manufacturing building at 6615 W. Boston St. in Chandler sold for $5,875,000 or $61.20 per SF. Lee & Associates Principal Matt McDougall represented the buyer, Evergreen Industrial Properties, LLC of Oakland, CA. The seller was Schneider-Chandler, LLC of Phoenix and was represented by Jones Lang LaSalle.
The 1978-built building on 5.24 acres and has I-2 zoning. The building features 8 exterior dock high doors, 1 drive-in door and 6,000 amps of power.
The buyer plans on repositioning the building with a new spec offi ce, lights in the warehouse and additional loading doors. The building will be off ered for lease and will be divisible down to 48,000 SF.
The property enjoys excellent freeway access at the nexus of the I-10 Maricopa and the Loop 202 San Tan freeways with direct access to the East Valley, Tempe and Phoenix.
Evergreen Industrial Properties (“Evergreen”) is an industrial real estate company formed by TPG Real Estate to acquire, own and manage light industrial assets throughout the United States. TPG Real Estate is the real estate platform of TPG, the global private investment firm.
