Longpoint Partners Acquires Eastpoint I & II Industrial Property In Chandler For $34.65M

The Eastpoint I & II industrial property encompasses 136,600 square feet and is located at 3191 North Washington Street and 250 East Elliot Road in Chandler, Arizona. This property has been sold for a price of $34,650,000, reflecting a price per square foot of approximately $254. The asset is currently 91.6% leased with tenants averaging 3.2 years remaining on their leases.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $34,650,000
• Square Footage: 136,600
• Address: 3191 North Washington Street & 250 East Elliot Road
• Market: Chandler, AZ
• Buyer: Dwight Angelini - Longpoint Partners
• Seller: Jeff Riggs & Matthew Riggs - Baron Properties
• Broker: Cushman & Wakefield

Dwight Angelini represented Longpoint Partners in this transaction, while Jeff Riggs and Matthew Riggs represented Baron Properties. The deal was facilitated by the brokerage firm Cushman & Wakefield, who played a key role in bringing together the buyer and seller for this industrial property sale.