City Of Peoria Acquires Industrial Building From Glez C Properties LLC For $11M In Peoria AZ

The City of Peoria purchased an industrial building located at 10857 North 95th Avenue, Peoria, AZ. The asset covers 81,060 square feet and was acquired for $11,000,000. The property will serve as a police training and tactical vehicle storage facility, benefiting from convenient freeway access.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,000,000
• Sale Date: 11/21/2024
• Broker: Jeffrey Garza Walker - NAI Global
• Seller: Glez C Properties LLC
• Buyer: The City of Peoria
• Price Per Square Foot: $136

The transaction involved key representatives including Jeffrey Garza Walker from NAI Global, who acted as the broker in this deal. The City of Peoria engaged in this purchase as part of its strategy to enhance local law enforcement infrastructure.