Individual Trust Purchases 10,060 Square Foot Industrial Property In Prescott For $4.4 Million

An individual trust has purchased a 10,060-square-foot warehouse at 6400 Lear Lane in Prescott, AZ, for a transaction amount of $4.4 million. The industrial asset encompasses 2.9 acres and was constructed in 2025. It features industrial outdoor storage and is currently leased to a national credit tenant under a 10-year absolute net lease with a corporate guarantee.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,400,000
• Square Footage: 10,060 SF
• Address: 6400 Lear Lane
• Market: Prescott, AZ
• Price Per Square Foot: $437
• Brokers: Paul Berkner & Sevak Keshishian - Marcus & Millichap

Arizona Industrial Development was the seller in this transaction, facilitating the sale to the individual trust which aims to capitalize on the asset's long-term lease agreement with reliable tenancy.