SOLD
Magnolia Industrial Park LLC Acquires Industrial/Office Property In Tempe, AZ For $23.6M
1100 & 1150 West Grove Parkway
Industrial
158,507 SF
158,507 SF
Sold 331 days ago
Summary
Sale
ARIZONA
Industrial
158,507 sqft
A closed property transaction took place in Tempe, AZ, involving an industrial/office asset located at 1100 & 1150 W. Grove Parkway. The property spans a total area of 158,507 square feet and was sold for a price of $23,600,000, resulting in a per square foot price of $149.
Summary of transaction details
- Property Type: Industrial/Office
- Transaction Amount: $23,600,000
- Address: 1100 & 1150 W. Grove Parkway
- Market: Tempe, AZ
- Square Footage: 158,507
Magnolia Industrial Park LLC acquired the property from LACERA. The deal was facilitated by Chris Toci, Eric Wichterman, and Mike Coover from Cushman & Wakefield, who acted as brokers representing the buyer and seller in the transaction.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Chris Toci, Eric Wichterman & Mike Coover
DATE: 06/08/2023
ADDRESS: 1100 & 1150 W. Grove Parkway
MARKET: Tempe, AZ
ASSET TYPE: Industrial/Office
BUYER: Magnolia Industrial Park LLC
SELLER: LACERA
BROKERS: Chris Toci, Eric Wichterman & Mike Coover - Cushman & Wakefield
SALE PRICE: $23,600,000
SF: 158,507 ~ PPSF: $149View on map
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Address1100 & 1150 West Grove Parkway
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