Stonelake Capital Partners Acquires Industrial Property In Tolleson For $8.3M

Westcore has sold an industrial property in Tolleson, near Phoenix, to Texas-based Stonelake Capital Partners for $8.3 million. The property, located at 8590 W. Jefferson St., sits on 4.4 acres and comprises 37,587 square feet of industrial space. It is fully leased to a wholesale plumbing, waterworks, irrigation, and industrial piping distributor based in Utah.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $8,300,000
• SF: 37,587
• PPSF: $221
• Address: 8590 W. Jefferson St
• Market: Tolleson, AZ

The seller, Westcore, successfully closed the deal with the buyer, Stonelake Capital Partners, for the industrial property. The transaction was facilitated by the brokers Andy Markham, Foster Bundy, Michael Haenel, Phil Haenel, and Will Strong from Cushman & Wakefield.