November 24, 2024 5:09 pm
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R&H Investments Acquires Property Occupied by USG Corporation

DTZ, a global leader in commercial real estate services, announced today the $4.6 million sale of a single-tenant industrial property occupied by United State Gypsum Corp. (NYSE: USG) at 5061 N. 51st Avenue in Phoenix. R&H Investments of Los Angeles purchased the ±99,923 square foot manufacturing and distribution building from Camelback Industrial, LLC of Santee, CA.

DTZ’s Senior Managing Directors Paul Boyle and Rick Danis represented both the buyer and seller during the investment sales transaction.

Built in 1978, the property is located on ±7.6 acres in Phoenix’s Grand Avenue industrial submarket. USG has a 10-year lease to occupy the building, which features a fenced yard for storage, loading areas with concrete aprons, heavy power throughout and an active rail spur that services the property. Located north of the northeast corner of 51st Avenue and West Camelback Road, the building has convenient access to US-60 and Camelback Road.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.