Tharco Freeport Distribution Center in Phoenix Sells for $8.1 Million

DTZ, a global leader in commercial real estate services, announced today that Bixby Land Company purchased Tharco Freeport Distribution Center, 640 S. 51^st Ave. in Phoenix’s Southwest submarket. Pacifica Real Estate Group sold the 108,287 square foot institutional quality industrial distribution center for $8.1 million. The building is fully leased to Tharco, one of the largest manufacturers and suppliers of unprinted corrugated stock boxes in the U.S.

DTZ Senior Vice President Will Strong; Executive Managing Directors Mike Haenel and Andy Markham, SIOR; and Associate Phil Haenel facilitated both sides of the investment transaction.

Built in 1994 the warehouse/distribution building is located on ±5.28 acres south of the I-10 on 51^st Avenue (full diamond interchange) and has an active rail spur currently utilized by Tharco.

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July 27, 2015

Office Buildings, real estate

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Tharco Freeport Distribution Center in Phoenix Sells for $8.1 Million

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Tharco Freeport Distribution Center in Phoenix Sells for $8.1 Million

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