"They leased it within a week," Stein Koss, a principal at Lee & Associates Arizona in Phoenix, tells GlobeSt.com. Located at 1419 W. 12th Place, the building was constructed in 1975 as a single-story, block-construction industrial warehouse. The building's air-conditioning system, dock-high doors and 15-foot clearance were all motivators for Baroness to sign the pact, according to Koss.
The property proved an in-demand site for an industrial user, leasing in only a week in a submarket that boasts just a 9% vacancy, Koss says. The building hosts an additional 800 sf of office space in addition to the distribution and warehouse space.
Koss represented lessor Jerry Ivy. Matt Hobaica and Nate Bubeck with Lee & Associates represented the tenant in the deal.
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