MIG Real Estate Acquires Seventy5 Business Park In Phoenix From Baron Properties For $46.75M

The industrial asset involved in this transaction is located at 7150 West Roosevelt Street, Phoenix, AZ. The sale price is $46,750,000 and the property spans 222,394 square feet, equating to a price per square foot of $210.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $46,750,000
• Buyer: MIG Real Estate
• Seller: Baron Properties
• Brokerage: Cushman & Wakefield
• Brokers: Will Strong, Phil Haenel, Foster Bundy, Molly Hunt, Michael Matchett, Jack Stamets & Madeline Warren

This transaction showcases MIG Real Estate acquiring the nearly fully leased Seventy5 Business Park, facilitated by Cushman & Wakefield. The property's appealing characteristics include a strong regional demand in the Southwest Valley and high occupancy rates, contributing to its investment potential amidst increasing industrial activity in the Phoenix metro area.