Berkeley Partners Acquires Industrial Properties In Phoenix & Chandler, AZ For $25.5M

The industrial property located at 235 E. Pima St, 5740 W. Oakland St., and 481 N. Dean Ave in Phoenix and Chandler, AZ has been sold in a recent transaction. The property spans a total of 156,112 square feet and was purchased by Berkeley Partners for a total sale price of $25,500,000. This equates to a price per square foot of $163.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $25,500,000
• Address: 235 E. Pima St, 5740 W. Oakland St., and 481 N. Dean Ave
• Market: Phoenix and Chandler, AZ

The sale was facilitated by the real estate brokerage firm Cushman & Wakefield, with Will Strong, Greer Oliver, and Connor Nebeker-Hay representing the buyer, Berkeley Partners. The property was previously owned by Bird Dog Industrial, HPI, and Long Wharf Capital.