PHOENIX, AZ – Nick Miner, CCIM and Jay Krew of ORION Investment Real Estate, reports selling a multi-tenant industrial warehouse in Tempe for $1,801,216.50 or $224 per-square-foot.
The property is located at 206 West Julie Drive, north of Guadalupe Road on Kyrene.
Tempe, Arizona is situated in the heart of Maricopa County. Tempe is a top technology center in Arizona and a leading choice for major corporations. Major city initiatives focus on transportation, accessibility, sustainability, quality of life, open data, performance metrics, and inclusivity. Tempe maintains one of the most thriving economic environments in the country. Top research firms, Fortune 500 companies and start-ups all find what they need to start, grow and thrive in Tempe.
Nick Miner, CCIM, Senior Vice President at ORION commented, “This is the second time I have had the opportunity to sell this property within the past 3 years.” Miner further commented, “Our client was looking to take advantage of the increased pricing to reinvest in other opportunities.”
Jay Krew further commented, “This was a great opportunity for the buyer since he owns the adjacent properties.”
Seller, Bloomfield Capital, LLC, was represented by Miner and Krew of ORION Investment Real Estate.
Buyer, TMT, LLC, was represented by Mark Wilcke of NAI Horizon.
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