Phoenix-Area Industrial Building Picked for $81.7M – Robert Khodadadian

US Capital Development (USCD) sold the newly constructed 599,486-square-foot Class A industrial building in Glendale. The buyer, Cohen Asset Management, paid $81.7 for Falcon Park 303-Phase I, a 100% leased building. The freestanding building is part of a larger industrial campus totaling 925,504 square feet.

A Cushman & Wakefield team led by Will Strong represented USCD in the sale. In addition, a Cushman & Wakefield Finance team led by Rob Rubano, secured $36.9 million in acquisition financing for the property.

Located at 15132 West Camelback Rd, Falcon Park 303 – Phase I is situated in a warehouse location with direct highway access to two metropolitan centers and proximity to the Sky Harbor International Airport. The location is minutes from multiple major freeways including Loop 303, Loop 101 and Interstate 17.

The post Phoenix-Area Industrial Building Picked for $81.7M appeared first on Connect CRE.

US Capital Development (USCD) sold the newly constructed 599,486-square-foot Class A industrial building in Glendale. The buyer, Cohen Asset Management, paid $81.7 for Falcon Park 303-Phase I, a 100% leased building. The freestanding building is part of a larger industrial campus totaling 925,504 square feet. A Cushman & Wakefield team led by Will Strong represented …
The post Phoenix-Area Industrial Building Picked for $81.7M appeared first on Connect CRE.   

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate