Hercules Industries Acquires Industrial Property In Phoenix For $18.2M

Hercules Industries has acquired an industrial property located at 4524 N. 44th Ave, Phoenix, AZ for a sale price of $18,200,000. The property spans across 6.9 acres and offers 140,777 square feet of space. The price per square foot amounts to $129.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $18,200,000
• Address: 4524 N. 44th Ave, Phoenix, AZ
• Market: Phoenix, AZ
• Size: 6.9 acres
• Price per Acre: $2,637,681
• Square Footage: 140,777
• Price per Square Foot: $129

The buyer, Hercules Industries, was represented by Bill Douglass from Upland Group Inc. The seller, BC5 LLC, was represented by Phil Haenel, Will Strong, Andy Markham, & Mike Haenel from Cushman & Wakefield.