PHOENIX — Marcus & Millichap has brokered the sale of a 984-unit Extra Space Storage facility in Phoenix. Located at 6316 N. 7th St., the gated-access property features fully climate-controlled units, drive-in loading areas, multiple elevators, onsite management office, 24/7 video surveillance and an interior concrete drive aisle with roll-up doors. The property was built in 2021. Adam Schlosser, Jordan Farrer and Charles “Chico” LeClaire of the LeClaire-Schlosser Group of Marcus & Millichap, in association with Ryan Sarbinoff, Marcus & Millichap’s Arizona broker of record, represented the seller in the transaction.
Arizona
SURPRISE, ARIZ. — CapRock Partners has purchased Summit at Surprise, a newly completed, 244,847-square-foot warehouse located northwest of Phoenix. Summit Surprise features two freestanding Class A buildings on two parcels totaling 16.9 acres. Building A spans 79,200 square feet, and Building B totals 165,647 square feet. At the time of acquisition, the property was 15 percent leased. Building A includes 1,956 square feet of office space, 20 dock-high loading doors, two grade-level doors, 132 parking spaces and 2,000 amps of electrical service. Building B features approximately 1,874 square feet of office space, 47 dock-high loading doors, four grade-level doors, 244 parking spaces and 3,000 amps of electrical service. The properties are located at 12460 and 12730 N. Dysart Road. Kirk Kuller, Callahan Conway, Bo Mills and Courtney Webb of KBC Advisors brokered the sale, terms of which were not released. John Lydon and Nicole Marshall of JLL are handling leasing of the property.
MESA, ARIZ. — CRE8 Advisors has arranged the $6.1 million sale of a newly constructed industrial building located at 7320 E. Pecos Road in Mesa. ADV Reline Service Inc. acquired the asset from Cavan Commercial. The buyer, an underground piper repair company, will utilize the facility to support its operations and continued growth. The 15,796-square-foot property is located within the Pecos 17 Industrial Development and features a secure, fenced yard.
MESA, ARIZ. — Geringer Capital has sold Avia 266, a 267-unit apartment community in Mesa, to San Diego-based ColRich for $52.4 million, including the assumption of an existing HUD loan. ColRich will rename the property The Remy. Matt Pesch, Asher Gunter and Austin Groen of CBRE represented the seller in the deal. Completed in 1984, The Remy features one- and two-bedroom units in a low-density garden-style design. Community amenities include two pools and spa areas, a 24/7 fitness center, outdoor courtyard with recreation and gathering spaces, resident clubhouse with a community kitchen, package lockers and a fenced dog park.
MESA, ARIZ. — LevRose Commercial Real Estate has arranged the $5.2 million sale of an industrial flex property located at 4220 E. McDowell Road in Mesa. The 2.3-acre site houses a 20,544-square-foot industrial flex building that was built in 2006. The building features 15,494 square feet of office space, professional reception area, large bullpen work area, 14-foot by 14-foot grade-level door, fully secured yard and 18 covered parking spaces. Mark Cassell, Landon McKernan, Cameron Miller and Joe Jones of LevRose Commercial represented the undisclosed seller in the deal, while Gary Cornish of Newmark represented the undisclosed buyer.
TEMPE, ARIZ. — Local developer Creation, in partnership with CrossHarbor Capital Partners and Amherst, has completed Nexus Commerce Center, a Class A industrial park located at the intersection of Elliot Road and Hardy Drive in Tempe. Situated on a 16-acre site that was once home to Elliot Corporate Center, the redevelopment converted the vacant 200,000-square-foot office property into a three-building, 273,000-square-foot, shallow-bay industrial park. Designed and built by LGE Design Build, the buildings range in size from 88,773 to 103,288 square feet and feature 32-foot clear heights. Nexus Commerce Center also offers direct access to I-10 and Loop 101 via Elliot Road and proximity to the US-60 interchange and Phoenix Sky Harbor International Airport. Mike Haenel, Andy Markham, Phil Haenel and Justin Smith of Cushman & Wakefield are handling leasing efforts for the project.
PHOENIX — Scottsdale, Ariz.-based Cavan Cos. has completed the $112.5 million sale of Bungalows on Camelback, a 334-unit built-to-rent community at 4747 N. 99th Ave. in Phoenix. A California-based private investor has acquired the property for $336,826 per unit. Mark Forrester, John Cunningham, Charles Steele and Rick Holway of Berkadia Phoenix represented the seller in the transaction. Completed in 2024, Bungalows on Camelback features 334 one-, two- and there-bedroom single-story rental homes with 10-foot ceilings, walk-in closets and private backyards with turf. Common area amenities include a greenbelt, oversized clubhouse/fitness center, resort-style pool, covered parking and detached garages.
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a retail property located at 6780 N. Sandario Road in Tucson. Steven J. Williams and Elizabeth Ann Williams Revocable Trust purchased the asset from Benson-DBS LLC for $1.8 million. The property is a 9,100-square-foot Dollar General NNN Investment. Dave Hammack of Cushman & Wakefield | PICOR represented the seller in the deal.
GO Industrial, Willmeng Construction Break Ground on 1.1 MSF Spec Industrial Building in Tolleson, Arizona
by Amy Works
TOLLESON, ARIZ. — Developer GO Industrial and general contractor Willmeng Construction have broken ground on GO|99 North, a 1.1 million-square-foot speculative industrial building in Tolleson. GO|99 North will feature a Class A warehouse and distribution facility. Situated on 75 acres in Tolleson’s Estrella Park neighborhood, the property will feature 40-foot clear heights, 190 dock-high doors, four grade-level doors and all-concrete, 245-foot truck courts. Additionally, the air-conditioning-ready warehouse will include 1,200 parking spaces for cars, 113 spots for trucks and trailers, 3,600 amps of expandable power and perimeter fencing with seven rolling gates. Designed by DLR Group, GO|99 North will complement GO|99 South, a three-building, 1.3 million-square-foot industrial park.
Marcus & Millichap Brokers Sale of 364-Unit StorQuest Self Storage Facility in Mesa, Arizona
by Amy Works
MESA, ARIZ. — Marcus & Millichap has arranged the sale of a 364-unit StorQuest Self Storage facility in Mesa. Terms of the transaction were not released. Adam Schlosser, Charles “Chico” LeClaire, Dean Trammell and Kol Bailey of the LeClaire-Schlosser Group of Marcus & Millichap represented the undisclosed seller in the deal. Built in 1982 on 2.4 acres, StorQuest Self Storage features a fortress-style layout with stucco exteriors, metal roll-up doors and standing seam metal roofs. The property offers 39,225 net rentable square feet.
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