Cheree Hanamaikai Of Baron Properties Acquires Industrial Property In Phoenix For $23M

Baron Properties acquired an industrial property located at 4703 West Brill Street in Phoenix, Arizona. The sale, finalized on January 16, 2026, involved a total price of $23 million, translating to approximately $156.76 per square foot. The property encompasses a total of 146,723 square feet and was previously owned by Bixby Land Co.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $23,000,000
• Address: 4703 West Brill Street
• Market: Phoenix, AZ
• Seller: Bixby Land Co.
• Buyer: Cheree Hanamaikai - Baron Properties
• Square Footage: 146,723
• Price Per Square Foot: $156.76

This transaction marks a significant acquisition for Baron Properties, highlighting the company's investment strategy in the industrial sector. Cheree Hanamaikai represented Baron Properties in this deal, ensuring a smooth transition of ownership between the parties involved.