Cassidy Turley announced that a Calgary, Alberta, Canada based investment group, McKemy Holdings, has sold an 81,200 square foot(sf) industrial property at 9235 S. McKemy St. in Tempe, AZ for $7.5 million. The buyer was Scottsdale-based private investment company, Development Services of America.

Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve Lindley with Cassidy Turley’s Capital Markets Group, brokered the transaction on behalf of seller and buyer.

Built in 1999, the single tenant industrial building is fully occupied by MTD Southwest, Inc. an international design, manufacturing and sales company of outdoor power lawn and garden equipment.

“The buyer purchased a high quality industrial building in South Tempe, one of the strongest submarkets in the Phoenix Metro,” according to Lindley, “This provided a stable, secure investment, particularly when combined with the lease to a major international tenant”