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

Property Image
SOLD
$20,300,000

Arizona

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Industrial101,932 SF
Sold 01/11/2024
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Property Image
SOLD

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

3930 East Watkins Street

See Similar Deals
Industrial101,932 SF
Sold 01/11/2024
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$199
Total Square Footage:101,932 SF
Transaction Type:Sale

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.

Players

Brian Ackerman
Colliers
Brian Ackerman
6 deals$87.4M volume
BROKER
TC
The Meritex Co
BUYER

Details

SOLD
IMAGE: Brian Ackerman DATE: 01/11/2024 ADDRESS: 3930 East Watkins Street MARKET: Phoenix, AZ ASSET TYPE: Industrial ~ ACRES: 7.9 BUYER: The Meritex Co SELLER: Mark Grayson - Simone Charitable Foundation BROKER: Brian Ackerman - Colliers SALE PRICE: $20,300,000 SF: 101,932 ~ PPSF: $199 NOTE: The Meritex Co. has acquired a fully occupied flex industrial building at 3930 E. Watkins St. in Phoenix for $20.3 million from the Simone Charitable Foundation.

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