A 58,000 square foot industrial building built in 1986 was recently recorded. The location of the property is 444 West Geneva Dr., Tempe AZ. The property sold to YERF-DOG Geneva 444, LLC, an Arizona Company. The seller was West Geneva LLC. The sales price was $6,100,000 which equates to $105.17 per square foot. The building has A-1 zoning and has heavy power at 2,000 amps. The Buyer plans to occupy the property March of 2021.
Steve Grossoehme of Rein & Grossoehme Commercial Real Estate LLC represented the Buyer. Tom Jacobs of Cushman and Wakefield represented the Seller.
Rein & Grossoehme Commercial Real Estate LLC specializes in the sale of investment properties and retail, office and industrial leasing.