LaPour Partners industrial land sale breaks Phoenix market record

(Photo via Exeter Property Group)

By AZRE

LaPour Partners has closed out their 65-acre industrial park in north Phoenix in a transaction that includes the highest price for industrial land ever in the Phoenix market.

Parc Pinnacle, which is located on Pinnacle Peak Road in the Deer Valley submarket, was sold for $8,650,322 earlier this month, a record price-per-square-foot of $19.75. The property is home to an Amazon fulfillment center as well as 325,000 square feet of multi-tenant space.

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