PHOENIX—Last month Denise Nunez with NAI Horizon – the NAI Global office in Phoenix, AZ, represented the buyer and seller of a $10.8 million, 107,130-square-foot…

The auto suppliers in the region have constructed a series of new plants.

“This is a once-in-a-lifetime opportunity to purchase portside land with unparalleled maritime access in one of the world's most land constrained port markets,” says Cushman & Wakefield's David Bernhaut.

The portfolio was purchased by an institutional investor for $57 million and was encumbered by CMBS debt, but selling it intact circumvented defeasance penalties that would have been triggered by carving up.