Stos Partners Acquires Industrial Property At 2229-2235 East Magnolia Street In Phoenix For $5.2M

The transaction involved the sale of an industrial property located at 2229 East Magnolia Street & 2235 East Magnolia Street, Phoenix, AZ. The assets span 39,351 square feet and were sold for a total of $5,200,000, which translates to a price per square foot of approximately $132.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,200,000
• Address: 2229 East Magnolia Street & 2235 East Magnolia Street
• Market: Phoenix, AZ
• Square Footage: 39,351
• Price per Square Foot: $132
• Buyer: Stos Partners
• Broker Representatives: Parker Houston, Parker Huston & Jerry Hillary - Daum Commercial Real Estate Services

This off-market deal was executed by Stos Partners, representing their investment in the industrial asset, while Daum Commercial Real Estate Services facilitated the transaction through the efforts of their brokers, Parker Houston, Parker Huston, and Jerry Hillary.