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4602 & 4710 East Elwood Street
SOLD

Schnitzer Properties Acquires Industrial Property In Phoenix, AZ For $46.2M

4602 & 4710 East Elwood Street

Industrial
225,333 SF
clock iconSold 1 year ago
Greer Oliver
Connor Nebeker-Hay
Will Strong
+ 3
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Summary

Sale
ARIZONA
Industrial
225,333 sqft

The industrial property located at 4602 & 4710 E. Elwood St in Phoenix, AZ has been sold, along with a loan being secured.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $46,200,000
  • Address: 4602 & 4710 E. Elwood St, Phoenix, AZ
  • Market: Phoenix, AZ
  • Square Footage: 225,333
  • Price per Square Foot: $205

The buyer of the property is Schnitzer Properties, while the seller is LBA Logistics. The transaction was facilitated by brokers from Cushman & Wakefield, namely Will Strong, Jeff Chiate, Mike Adey, Greer Oliver, and Connor Nebeker-Hay. M&T Bank acted as the lender, providing a loan amount of $28,000,000.

This sale and loan transaction highlights the value and potential of the industrial property market in Phoenix, AZ. The involvement of reputable brokers and a significant loan amount indicates the confidence and interest in this particular property.

Players

  • All

    8

  • Agents

    5

  • Agencies

    2

  • Lenders

    1

Greer Oliver's profile picture
Greer Oliver
JLL-image
Associate
$657.3M Sold
Mike Adey's profile picture
Jeff Chiate's profile picture

Details

Deal Summary
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SOLD
IMAGE: & LOAN IMAGE: Will Strong, Jeff Chiate, Mike Adey, Connor Nebeker-Hay & Greer Oliver DATE: 08/01/2022 ADDRESS: 4602 & 4710 E. Elwood St MARKET: Phoenix, AZ ASSET TYPE: Industrial BUYER: Schnitzer Properties SELLER: LBA Logistics BROKERS: Will Strong, Jeff Chiate, Mike Adey, Greer Oliver & Connor Nebeker-Hay - Cushman & Wakefield LENDER: M&T Bank SALE PRICE: $46,200,000 SF: 225,333 ~ PPSF: $205 LOAN AMOUNT: 28,000,000

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Address4602 & 4710 East Elwood Street

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