BREAKING: IOS trade in Phoenix ?? 1830 N 27th Ave, Phoenix, AZ 85009 ?? Price: $5,000,000 ?? 3.19 acres ?? 11,204 SF over 2 warehouses ?? Sales brokers: Gary Cornish, Barry Gabel, Chris Marchildon, Charles Osbrink with Newmark ?? Buyer's broker: Will Groves with Cushman & Wakefield ?? Seller: IOS Southwest, LLC
Just Closed! We are excited to announce the off-market closing of 1830 N 27th Ave, a premier industrial outdoor storage (IOS) property located in Southwest Phoenix. Our Newmark Phoenix Capital Markets team successfully represented the seller of this fully leased low coverage industrial property, which was sold last week for $5 million. This equates to $446 per building sf and $36 per land sf. This sale underscores the strong demand for IOS properties in Metro Phoenix. We continue to witness significant interest from both investors and users, contributing to the upward trend in pricing for this thriving property type. A special thank you to Will Groves for facilitating a fantastic buyer for this transaction. If you would like more information about this transaction or other available listings in Phoenix, AZ, please do not hesitate to contact our team. Barry Gabel Chris Marchildon Charles Osbrink