Menlo Group Arranges Sale of Industrial Warehouse Portfolio
1340 N 29th Dr (top) and 40 W Hoover (bottom) were sold as a property investment opportunity.
Menlo Group negotiated the sale of two industrial warehouse buildings, located in Phoenix and Mesa, Ariz.
Tempe, AZ, February 11, 2019 — Menlo Group Commercial Real Estate has announced the sale of two industrial warehouse buildings. The buildings are located at 1340 N. 29th Dr., Phoenix, Ariz. and 40 W. Hoover Ave., Mesa, Ariz. The locations total over 33,000 sq. ft. and are currently leased by the same long-term tenant.
Menlo Group President Tanner Milne, MBA, CCIM, SIOR, and Vice President Tom Ellixson represented the seller throughout the transaction. Before leasing out the space, the seller had occupied the two properties for many years.
“We had a great experience working with Menlo Group,” the seller said. “Tom, Tanner and Senior Transaction Manager Lisa Ingram were excellent throughout the entire process, and we will continue to utilize their expertise for future deals.”
The buyer, SIP Acquisitions, was represented by Matt McDougall, SIOR, of Lee & Associates.
“We were excited to see this deal get done,” Ellixson said. “The seller has been a pleasure to work with, and the transaction ran smoothly with a quality broker like Matt on the other side. We appreciate the efforts of all involved.”
About Menlo Group
Menlo Group is a full-service commercial real estate brokerage headquartered in Tempe, Ariz. We specialize in buyer/tenant representation, seller/landlord representation, investment services, real estate consulting, property management and project management. We exist to support clients, advisors and employees in their professional objectives through effective real estate strategies. If you are looking to buy or sell industrial property, please contact one of our industrial real estate experts.