April 16, 2014
California Investor Purchases Airport Business Park
Cassidy Turley announced the sale of Airport Business Park, a ±39,994 SF, multi-tenant industrial building at 2328 E. Van Buren St. A California-based investor, Airport Business Park Phoenix, LLC, purchased the property for $2.05 million ($51.26/psf) from Airport Business LLC (Portland, OR). Cassidy Turley Senior Managing Directors Paul Boyle and Rick Danis negotiated the transaction on behalf of the buyer. Leroy Breinholt with Commercial Properties, Inc. represented the seller.
Built in 1982, Airport Business Park includes five single-story buildings on ±2.39-acres.The property was 95 percent leased to 28 tenants at the time of sale.