DAUM Commercial Real Estate Services has recently directed the acquisition of a 13,483 square-foot industrial property in the greater Phoenix submarket of Glendale, Arizona, on behalf of the buyer, Bumble Bee Plumbing.
The asset will serve as the buyer’s new headquarters location, according to Carter Wilson, Associate at DAUM Commercial, who completed the transaction alongside DAUM Executive Vice President David Wilson.
“As a leading commercial and residential plumbing repair and maintenance company, Bumble Bee has experienced consistent growth and was weighing the options of both leasing and owning a new headquarters building,” says Carter. “We were able to identify a well-located asset in the Glendale submarket, which provides easy access throughout the Phoenix area, at the right price point. Due to the favorable financing of today’s market, Bumble Bee ultimately felt it was the right time to purchase this property.”
According to Michael Krpata, owner of Bumble Bee plumbing, this asset will give the company the opportunity to continue to expand and train new recruits: “With the current health concerns surrounding the pandemic, the public has seen just how important essential services are and that trade work, such as plumbing, is a great career choice.”
The property is located at 7600 N. 71st Avenue, Glendale, Arizona and was purchased for $1.525 million.