PSP Partners Acquires Industrial Property From Westcore Properties For $26 Million In Phoenix

PSP Partners acquired an industrial asset located at 4455 West Camelback Road in Phoenix, AZ. The transaction took place for a price of $26 million. The property encompasses a total area of 148,689 square feet and is situated on 6.82 acres. It was constructed in 2015 and includes features such as 32-foot clear heights, 25 dock doors, and 165 parking spaces.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $26,000,000
• Address: 4455 West Camelback Road
• Market: Phoenix, AZ
• Asset Size: 148,689 SF
• Price Per Square Foot: $175
• Seller: Westcore Properties
• Buyer: PSP Partners

The transaction highlights PSP Partners as the buyer and Westcore Properties as the seller in this deal. The acquisition reflects PSP Partners' strategic investment in the industrial sector within the Phoenix market.