TOLLESON, AZ-Cole Real Estate Investments has acquired The Home Depot’s distribution center here for $30.4 million. The non-traded REIT purchased the 466,694 square-foot warehouse/distribution facility in an all-cash transaction from USAA Real Estate Co.

The distribution facility is the third property Cole has purchased from USAA so far this year. Earlier this summer, the Phoenix-based investor acquired the AT&T Regional Headquarters building in Dallas and the Igloo Products’ corporate headquarters, warehouse and distribution facility in Katy, TX. The two properties traded for a total of $67.5 million.

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