REBusinessOnline

Pinnacle Peak Acquires Single-Tenant Industrial Building in Phoenix for $17M

2140-W-Pinnacle-Peak-Rd-Phoenix-AZ

APSM Systems, a sheet metal fabrication company, occupies the 168,897-square-foot industrial building at 2140 W. Pinnacle Peak Road in Phoenix.

PHOENIX — Pinnacle Peak, a Bellingham, Wash.-based investment company, has purchased an industrial manufacturing building located at 2140 W. Pinnacle Peak Road in Phoenix. Thul LLC sold the property for $17 million.

The seller is a principal of APSM Systems, a sheet metal fabrication company that has occupied the property since 1994. APSM signed a 10-year leaseback for the property.

Situated on 13.5 acres within the Deer Valley submarket, the 168,897-square-foot industrial building features 25,484 square feet of office space.

Eric Bell, Mike Ciosek and Dylan Scott of Kidder Mathews represented the buyer in the transaction.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Conferences