Private Investor Acquires 39,813 SF Industrial Building In Tempe For $7.3M With Daum Commercial

An industrial property located at 1326 West Fairmont Drive in Tempe, AZ, was sold for $7,300,000. The property encompasses 39,813 square feet and features seven dock doors and heavy power, suitable for manufacturing and distribution uses.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,300,000
• Square Footage: 39,813
• Address: 1326 West Fairmont Drive
• Market: Tempe, AZ
• Price Per Square Foot: $183

Parker Houston and Trevor McKendry of Daum Commercial Real Estate Services represented the private investor in this transaction, who acquired the property for its manufacturing and distribution capabilities.