Wentworth Property Co Acquires MarLam Industries Manufacturing Portfolio In Phoenix For $17.5M

The transaction involved an industrial asset located at 834 East Hammond Lane & 2425 South 10th Street in Phoenix, AZ. The property was sold for $17,500,000 and spans a total of 106,174 square feet, resulting in a price per square foot of $165.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $17,500,000
• Address: 834 East Hammond Lane & 2425 South 10th Street
• Market: Phoenix, AZ
• Square Footage: 106,174
• Price Per Square Foot: $165

The buyer of the property was Wentworth Property Co., while MarLam Industries served as the seller. The transaction was facilitated by brokers Anthony DeLorenzo and Geoffrey Turbow from CBRE. Notably, CBRE also aided in the sale-leaseback of the MarLam Industries Manufacturing portfolio as part of this deal.