Edgewood REIT Acquires Alliance Plumbing Industrial Building In Phoenix For $6.4M

An industrial building located at 2626 East Elwood Street in Phoenix, AZ, was involved in a recent sale-leaseback transaction. The property, spanning 25,393 square feet, was acquired by Edgewood REIT from Alliance Plumbing Service & Repair for $6.4 million, equating to $252 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,400,000
• Address: 2626 East Elwood Street
• Market: Phoenix, AZ
• Buyer: Phil Gisi - Edgewood REIT
• Seller: Kelly Caudel - Alliance Plumbing Service & Repair
• Broker: Brian Ackerman - Colliers International

Phil Gisi represented Edgewood REIT, while Kelly Caudel was the seller from Alliance Plumbing Service & Repair in the sale-leaseback deal facilitated by Brian Ackerman of Colliers International. The transaction involved the transfer of ownership of the industrial property in central Phoenix.