DTZ, a global leader in commercial real estate services, announced the $4.6 million sale of a single-tenant industrial property occupied by United State Gypsum Corp. (NYSE: USG) at 5061 N. 51st Avenue in Phoenix. R&H Investments of Los Angeles purchased the ±99,923 square foot manufacturing and distribution building from Camelback Industrial, LLC of Santee, CA.
DTZ’s Senior Managing Directors Paul Boyle and Rick Danis represented both the buyer and seller during the investment sales transaction.
Built in 1978, the property is located on ±7.6 acres in Phoenix’s Grand Avenue industrial submarket. USG has a 10-year lease to occupy the building, which features a fenced yard for storage, loading areas with concrete aprons, heavy power throughout and an active rail spur that services the property. Located north of the northeast corner of 51st Avenue and West Camelback Road, the building has convenient access to US-60 and Camelback Road.