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Cohen Asset Management Investors Acquires Avondale, AZ Industrial Property For $71M

NEC of 107th Avenue & Pierce Street
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This Industrial property located in TX was sold for $71,000,000 about 2 years ago. The brokers of the deal were Connor Nebeker-Hay, Greer Oliver, Kirk Kuller, and Will Strong

The industrial property located at the NEC of 107th Ave & Pierce Street in Avondale, AZ has been sold for a price of $71,000,000. The property spans a total area of 405,656 square feet, resulting in a price per square foot of $175.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $71,000,000
  • Address: NEC of 107th Ave & Pierce Street, Avondale, AZ
  • Market: Avondale, AZ
  • Buyer: Cohen Asset Management Investors
  • Seller: Eisenberg Co.
  • Brokers: Will Strong, Kirk Kuller, Greer Oliver & Connor Nebeker-Hay - Cushman & Wakefield

The buyer, Cohen Asset Management Investors, completed the acquisition of this industrial property from the seller, Eisenberg Co., through the representation of brokers Will Strong, Kirk Kuller, Greer Oliver, and Connor Nebeker-Hay from Cushman & Wakefield. The sale of this property marks a significant transaction in the Avondale market, showcasing the continued interest in industrial assets within the area.

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Deals
  • Location
    NEC McDowell Rd and 107th Ave, Avondale, AZ 85392NEC McDowell Rd and 107th Ave, Avondale, AZ 85392
  • Sale Price
    $71,000,000$71,000,000
    $175 PPSF$175 PPSF
  • Area
    405,656 SF405,656 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Kirk Kuller

Kirk Kuller

Deals8
Financed$396.2M

Greer Oliver

Greer Oliver

Deals8
Sold$657.3M

Connor Nebeker-Hay

Connor Nebeker-Hay

Deals8
Sold$657.3M

Will Strong

Will Strong

Deals21
Financed$1.1B

Agencies

JLL

JLL

Agency
Deals5579
Volume$332.6B

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4186
Volume$167B

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Deal Summary

SALE IMAGE: Will Strong & Kirk Kuller DATE: 01/05/2022 ADDRESS: NEC of 107th Ave & Pierce Street MARKET: Avondale, Az ASSET TYPE: Industrial BUYER: Cohen Asset Management Investors SELLER: Eisenberg Co. BROKERS: Will Strong, Kirk Kuller, Greer Oliver & Connor Nebeker-Hay - Cushman & Wakefield SALE PRICE: $71,000,000 SF: 405,656 ~ PPSF: $175

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NEC of 107th Avenue & Pierce Street

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