Tempe Industrial Building Sells For $2.1 Million

31 Aug, 2007, Tempe, AZ

A 32-year-old Tempe industrial building at 745 W. Fairmont Ave. has been sold for $2,100,000.

Mary Ellen and Lorenzo Valuenzuela of Phoenix purchased the property from 745 West Fairmont, LLC , a partnership led by Bob Riley of Redondo Beach, CA.

The building contains 28,276 square feet of industrial space and was constructed in 1975. It is fully occupied by Western Trophy Co. and Perfetti Foods.

Rob Stephens, Jeff Stapley and John Grady of Cushman & Wakefield of Arizona, Inc. negotiated the transaction.

Cushman & Wakefield is one of the world’s largest commercial real estate services firms. Founded in 1917, the firm has 201 offices in 55 countries, and 12,000 talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, lenders and investors through every stage of the real estate process. These solutions include representing clients in the buying, selling, financing, leasing and managing of assets. The firm also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133, or visit the firm’s Web site at www.cushmanwakefield.com.

Contact: Robin Vitols (602) 957-8844

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