Setna IO & Setnix Acquire 112300 Square Feet Industrial Property In Tempe For $27.5 Million

A 112,300-square-foot industrial property located at 1345 South 52nd Street in Tempe, AZ was sold for $27.5 million. The property was newly renovated and is positioned to support expansion in the aerospace market, featuring modern amenities and close proximity to major transport routes and Phoenix Sky Harbor International Airport.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $27,500,000
• Sale Date: 07/30/2024
• Buyer: Setna iO & Setnix
• Seller: LBA Logistics
• Buyer's Representative: Denise Stein Chaimovitz - Entre Commercial Realty & Todd Hamilton - Citywide Commercial Real Estate
• Seller's Representatives: Andy Markham, Michael Haenel & Phil Haenel - Cushman & Wakefield
• Square Feet: 112,300
• Price Per Square Foot: $245

The transaction was facilitated by Citywide Commercial, highlighting the collaboration between the buyer and their agents. The representatives from Cushman & Wakefield played a crucial role in negotiating the sale on behalf of the seller.