November 21, 2024 10:13 pm
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UBS Realty drops $26.25 million for distribution facility leased to Home Depot

ubs realty

Phoenix – A company formed by UBS Realty Advisors LLC in San Francisco, Calif. paid $26.25 million ($65.63 per foot) to acquire a 400,000-square-foot industrial building located at 7200 W. Buckeye Road in Phoenix. The seller was SeaCal Buckeye LLC, a company formed by Sealy & Co. in Dallas, Tex. (Mark Sealy, manager). The sale was brokered by Bo Mills of Jones Lang LaSalle in Los Angeles, Calif. and Mark Detmer of JLL in Phoenix. Maricopa County records show 7200 W. Buckeye Road Industrial Investors LLC (UBS entity) paid cash to buy the property. The distribution building is leased to Home Depot for another three years, and is used by the company as its western U.S. return center. The 24.95-acre project was developed in 2009. Continue reading

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