Matthews Completes Sale of 24,220 SF Industrial Asset in Arizona

PHOENIX, AZ— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of an industrial property located at 733 West 22nd Street in Tempe, Arizona. Matthews™ First Vice President John Stroud represented the seller in the $5,100,000 transaction.

 

Located in the highly competitive Tempe submarket, the 24,220-square-foot property features a large lot component. The seller elected to sell the asset to reposition after the tenant vacated the building to relocate to a smaller facility. Matthews™ sourced the opportunity through long-term, research-driven reporting and direct outreach and executed a targeted marketing process, securing a sale to an owner-user buyer who was attracted to the property’s substantial site footprint, strategic location, and long-term flexibility.

 

Shortly after the property was brought to market, SBA-related complications surfaced as a federal government shutdown began, introducing unexpected complexity during escrow. Matthews™ worked closely with all parties to navigate evolving requirements to keep the deal on track through closing. Throughout the process, the Matthews™ agent also explored tax-deferral strategies and potential up-leg alternatives, ultimately supporting a transition into creative solutions aligned with the seller’s objectives.

 

“This deal required persistence and creative problem-solving, particularly as we navigated the intersection of a competitive bidding process and the logistical challenges of a government shutdown,” Stroud said. “By focusing on the unique value of the site and working through tax-deferral considerations, we were able to deliver a strong result for the seller.”

 

For more information, please contact John Stroud or visit www.matthews.com.

 

About Matthews™

Matthews™, 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.