Top 10 Properties Acquires Industrial Building In Phoenix For $21.8M

The industrial asset involved in the transaction is the Pinnacle Peak Commerce Center located at 23751 North 23rd Avenue in Phoenix, AZ. This Class A light industrial building spans 93,725 square feet and was sold for $21.8 million, equating to a price per square foot of $233.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $21,800,000
• Buyer: Top 10 Properties
• Seller: Undisclosed
• Market: Phoenix, AZ

Cushman & Wakefield facilitated the transaction, with a team of brokers including Dean Wiley, Kirk Kuller, Michael Matchett, Molly Hunt, Robert Buckley, Tracy Cartledge, and Will Strong representing Top 10 Properties in the acquisition of the property.