CBRE has negotiated the sale of a 96,000-square-foot industrial building at 6615 W. Boston Street in Chandler, Ariz. Ivanhoe/Evergreen acquired the property from Cabot Properties for $9.19 million.
Jackie Orcutt, John Grady and Jonathan Teeter represented both the buyer and seller in the transaction.
“Completing this transaction during a global pandemic speaks to the perseverance from all parties involved and demonstrates the strong appetite among investors for Phoenix industrial product,” said CBRE’s Orcutt. “The building’s prime Chandler infill location and quality, along with the metro’s underlying fundamentals, were key in getting Cabot’s first acquisition in Phoenix in several years across the finish line.”
6615 W. Boston Street was 100 percent leased at the time of sale to two tenants, including Advanced Circuits, Inc.
The property features 4,405 square feet of office space, 22-foot clear height, 11 dock-high doors, one grade-level door and up to 189 parking spaces. It is located in the heart of West Chandler’s infill manufacturing district offers access to Interstate10 and the Loop 202, which now provides access to the Southwest Valley labor pool.
