Barings Acquires 18-Acre Industrial Property In Tempe, AZ For $42.4M

Barings has acquired the industrial property located at 1300 & 1330 W. Warner Road in Tempe, AZ. The property spans 18 acres and consists of a total of 98,500 square feet of space. The sale price for this transaction was $42,400,000, resulting in a price per square foot of $430. The seller of the property was Opus Group. The deal was facilitated by brokers from Cushman & Wakefield, namely Will Strong, Phil Haenel, Kirk Kuller, Molly Hunt, Cal Conway, Stephanie Saccente, Micki Strain, and Foster Bundy.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $42,400,000
• Address: 1300 & 1330 W. Warner Road, Tempe, AZ
• Market: Tempe, AZ
• Acres: 18
• Square Feet: 98,500
• Price per Square Foot: $430
• Buyer: Barings
• Seller: Opus Group

This transaction was a significant deal facilitated by several brokers from Cushman & Wakefield. The buyer, Barings, was represented by Will Strong, Phil Haenel, Kirk Kuller, Molly Hunt, Cal Conway, Stephanie Saccente, Micki Strain, and Foster Bundy. They successfully negotiated the purchase of the industrial property from the seller, Opus Group.