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2632 East Chambers Street
SOLD

MDC Realty Advisors Acquires Industrial Facility In Phoenix From American Refrigerator Supplies, Inc For $24.3M

2632 East Chambers Street

Industrial
114,907 SF
clock iconSold 128 days ago
Foster Bundy
Will Strong
Phil Haenel
+ 2
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Summary

Sale
ARIZONA
Industrial
114,907 sqft

An industrial facility spanning 114,907 square feet located at 2632 East Chambers Street in Phoenix, AZ, was recently involved in a sale-leaseback transaction. The property, classified as Class A, was acquired by MDC Realty Advisors from American Refrigerator Supplies, Inc for $24.3 million. The deal involved a price per square foot of $211.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $24,300,000
  • Address: 2632 East Chambers Street
  • Market: Phoenix, AZ

The sale and leaseback transaction were facilitated by the brokerage team at Cushman & Wakefield, comprising Foster Bundy, Katie Rapine, Phil Haenel, and Will Strong. American Refrigerator Supplies, Inc (ARS) sold the industrial property to MDC Realty Advisors and concurrently entered into a long-term leaseback agreement with the new owner, Canada-based MDC Realty Advisors.

Players

  • All

    5

  • Agents

    4

  • Agencies

    1

Foster Bundy's profile picture
Foster Bundy
Cushman & Wakefield-image
Senior Associate
$58.1M Sold
Phil Haenel's profile picture
Katie Rapine's profile picture

Details

Deal Summary
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SOLD
IMAGE: Foster Bundy, Katie Rapine, Phil Haenel & Will Strong DATE: 03/07/2024 ADDRESS: 2632 East Chambers Street MARKET: Phoenix, AZ ASSET TYPE: Industrial BUYER: MDC Realty Advisors SELLER: American Refrigerator Supplies, Inc BROKERS: Foster Bundy, Katie Rapine, Phil Haenel & Will Strong - Cushman & Wakefield SALE PRICE: $24,300,000 SF: 114,907 ~ PPSF: $211 NOTE: Cushman & Wakefield facilitated the sale and leaseback of a 114,907-square-foot Class A industrial facility in Phoenix, Arizona, with American Refrigerator Supplies, Inc. (ARS) selling the building to Canada-based MDC Realty Advisors for $24.3 million while signing a long-term leaseback agreement.

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Address2632 East Chambers Street

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