A California-based investment firm purchased the Orbital ATK offices in Gilbert near Baseline Road and Country Club Drive for $5.5 million.
The 73,283-square-foot industrial facility at1405 N. Fiesta Blvd. in Gilbert was sold to Abington Emerson Investments by an undisclosed seller. The single-story industrial facility sits on a 5.2-acre site and was built in 1998.
“Fiesta property in Gilbert is the third acquisition for Abington Emerson Investments in Arizona after the Paradise Hills Shopping Center in Phoenix and the Shops at Sossaman Plaza in Mesa,” said Brent Howard, who leads Abington Emerson’s acquisitions, sales and management in the U.S. Southwest region. “We are very excited about our growing commercial real estate portfolio in the state and will continue looking for the value-add opportunities in the area.”
Orbital ATK operates out of the facility for its office operations. The property offers full air conditioning, grade-level loading and truck well loading, 22-24-inch clearance height, and three primary glass-lined lobby entries. The property is in proximity to major East Valley arterial roadways and freeways with access to U.S. 60, Baseline Road and Country Club Drive.
Barry Gabel, Chris Marchildon, Brian Raczynski, Tim Watters, Evan Koplan and Mike Parker with CBRE’s Phoenix office represented the seller.
The property offers CBRE will retain the leasing for the property post-closing.
