November 4, 2014
Industrial truck terminal sold for $1.7M in Phoenix
Commercial Properties, Inc., announced the sale of 1305 N. 27th Ave. Jeff Hays, Chad Neppl and Ryan Steele of CPI’s Tempe Industrial Group represented the buyer in this transaction.
The ±26,104 SF, Industrial Truck Terminal is located at 1305 N. 27th Avenue in Phoenix, Arizona adjacent to I-10, and just off 27th Avenue & McDowell Road.
Hays commented, ” The property offers the new owner, Ralison Properties Holding, LLC, a 55 door, cross-dock facility and a large paved site with easy access to I-10 and I-17. This site is ideal for their transloading operations receiving general cargo, paper products, tiles, wood and more.”
The sale was valued at $1.7 million ($65.00 per foot) based on ±26,104 SF situated on 5.5± acre site.