SKB And Arc Capital Partners Acquire Industrial Buildings From Nearon In Gilbert For $19M

The asset involved in this transaction is a set of two fully-leased industrial buildings located at 1250 North Fiesta Boulevard in Gilbert, AZ. The total square footage of the properties exceeds 194,000 SF, and the transaction was completed for a price of $19,000,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $19,000,000
• Buyer: SKB & Arc Capital Partners
• Brokers: Foster Bundy, Katie Repine & Phil Haenel - Cushman & Wakefield
• Leased to: Kaiser Garage Doors & Gates, MKB Construction, and Symage

SKB and Arc Capital Partners acquired the properties from Nearon, successfully closing the deal on November 25, 2024. The brokers involved in this transaction played a significant role in facilitating the acquisition process for the buyer.