The Meritex Co Acquires Fully Occupied Flex Industrial Building In Phoenix For $20.3M

The Meritex Co. has acquired a fully occupied flex industrial building located at 3930 E. Watkins St. in Phoenix for $20.3 million from the Simone Charitable Foundation. The property has a total square footage of 101,932 and is situated on 7.9 acres of land. The sale price per square foot amounts to $199.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $20,300,000
• Address: 3930 East Watkins Street
• Market: Phoenix, AZ
• Square Footage: 101,932
• Price per Square Foot: $199

The buyer, The Meritex Co, successfully acquired the property from the Simone Charitable Foundation. Brian Ackerman from Colliers represented the buyer in the transaction. Mark Grayson, representing Simone Charitable Foundation, acted as the seller's representative. The acquisition of this fully occupied flex industrial building marks a significant transaction in Phoenix's real estate market.