X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PEORIA, AZ-A four-building, 16,120-sf industrial park in Peoria has been sold to a Montana couple for $900,000.

Steven and Christina Blair of Big Fork, MT, bought the Candlewood Industrial Park at 7612 W. Vogel Ave. as an investment and plan to continue leasing the buildings, Gary Anderson with Grubb & Ellis Co.’s industrial advisory group, tells GlobeSt.com.

“It’s a four-building complex which gives a little more identity to an owner-user,” says Anderson, who represented seller, National Mall Front & Design, in the transaction.He says the property had only been on the market about four months before it was scooped up by the Montana pair.

The industrial park, located on 1.5 acres near 76th Avenue and Mountain View, is situated in a business district near Grand Avenue with easy access to the valley’s north-west suburbs, he says. The former owner, which occupied the site prior to its sale, will move out by the end of the month to a 60,000-sf facility in Deer Valley, Anderson says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.