Matthews™ Closes $7.3M Sale of Phoenix Industrial Property

Industrial Sale in Phoenix

 

PHOENIX —Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, announced the $7,300,000 sale of 1725 East Broadway, a single-tenant industrial property in Phoenix, AZ. Matthews™ Associate Vice President John Stroud represented the seller in the transaction.

 

Positioned near Sky Harbor International Airport, the building features 27,280 square feet on 4.54 acres. Stroud secured top-of-market pricing and a swift due diligence process. 1725 East Broadway was acquired by a crane company based in Utah. The company was actively looking to increase its presence in Arizona and will operate out of the property for the foreseeable future. CBRE represented the buyer.

 

“Through a robust marketing campaign, we were able to close this deal with a buyer that was ready to execute and able to close quickly and efficiently,” Stroud said. “Happy to get this deal across the finish line and accomplish both parties’ goals.”

 

For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.