Menlo Group Sells Three Industrial Properties Worth $6M

Menlo Group Commercial Real Estate has announced the sale of three Phoenix-area industrial properties, totaling over 74,000 sq. ft.

Tempe, AZ, July 15, 2019–(PR.com)–Menlo Group Commercial Real Estate successfully negotiated the sale of three industrial properties in June 2019. The Phoenix-area properties sold for a total of more than $6 million.

Williams Investments of Arizona, LLC, sold two adjacent industrial buildings, located at 5706 W. Missouri Ave. in Glendale, for $3.25 million. Menlo Group Executive Vice President Geoffrey Waldrom represented the seller of the 50,000-square-foot property. The buyer, Maximum Management Corporation, was represented by Todd Hamilton of Citywide Commercial.

Waldrom and Menlo Group Vice President Tom Ellixson also represented Williams Investments on the $1.3-million sale of 327 S. 27^th Ave. in Phoenix. UltraKote Products, LLC, purchased the property, which includes a 13,000-square-foot industrial building sitting on a 2.55-acre lot with A-1 zoning. The local stucco manufacturer, which is a subsidiary of Mexico-based Cemix, has been occupying the space and represented itself during the transaction.

Another local company, CapPlus Technologies, enlisted the expertise of Waldrom to sell its 11,400-square-foot industrial building. The property is located at 22505 N. 18^th Dr. in Deer Valley and sold to Blue Sky Pest Control for $1.5 million. The buyer was represented by TJ Zaharis of COBE Real Estate.

“We enjoyed the opportunity to work with the sellers of these great industrial properties,” Waldrom said. “These sales show just how vibrant the Valley’s industrial market continues to be.”

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. Please check out our press release to see more of our notable transactions and contact our industrial team if you are looking to list your commercial property.