A Tempe manufacturing firm closed on the purchase of a 51,986 SF building at 2920 E. Chambers Dr. in Phoenix for $2,760,000 or $53.09 per SF.
Lee & Associates Principal Ken McQueen represented the buyer, Arcadia, Inc. of Phoenix while Andy Cloud of Cushman & Wakefield represented the seller, Able Engineering and Component Services (aka Able Investments, LLC). Arcadia is expanding into this property from 23,000 SF at their Tempe facility. McQueen is will be handling the disposition of the Tempe property at 2510 W. Geneva.
The Chambers property sits on 3.1 acres and was built in 1987 and renovated in 2002. The buildings off er 18’ clear height, 2 drive-ins, 1 truck well, heavy power and is fully air conditioned. The building also parks at a 3:1,000 ratio. It is conveniently located south of Interstate 10 and Phoenix Sky Harbor International Airport.
