Speed Bay Warehouse Solutions Acquires Industrial Property In Tempe From ViaWest Group & Walton Street Capital For $24.5M

The property asset involved in the transaction is located at 9185 & 9245 South Farmer Avenue in Tempe, AZ. The sale involves an industrial asset that encompasses 93,903 square feet and was sold for $24,500,000, translating to a price per square foot of $261.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $24,500,000
• Buyer: Speed Bay Warehouse Solutions
• Seller: ViaWest Group & Walton Street Capital
• Sale Date: 02/18/2026
• Brokers: Ben Geelan, Greer Oliver, Bryce Beecher & Virginia (Gigi) Martin - JLL
• Square Footage: 93,903
• Price per Square Foot: $261

The transaction was facilitated by JLL, which sold the 94.1% leased Farmer Industrial Center. The asset's strategic location, flexible space, and below-market rents indicate potential for future value growth in a high-growth metropolitan area, driven by strong tenant demand and limited new supply.