Pennybacker Capital Management Acquires Industrial Property In Tempe, AZ For $11.5M

An industrial property located at 6720 S Clementine Ct in Tempe, AZ has been sold. The property spans a total of 71,142 square feet and was sold for a price of $11,500,000, resulting in a price per square foot of $162.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,500,000

Pennybacker Capital Management has acquired the property. The deal was facilitated by the brokers Phil Haenel, Mike Haenel, Will Strong, and Andy Markham from Cushman & Wakefield.