X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TEMPE, AZ-A bakery and a sprinkler firm have bought freestanding buildings in the Broadway Industrial Park in separate transactions that went for a combined $1.9 million.

BRS-San Diego Commerce Center of California sold the properties as part of a plan to divest a portfolio of more than 20 buildings, Pete Klees, with Grubb & Ellis/BRE Commercial tells GlobeSt.com. JRB Bakery picked up a 14,545-sf industrial building at 1135 W. Geneva for $905,000 while RCI, a fire sprinkler contractor, bought a 12,038-sf industrial property with about an acre of land at 1220 W. Geneva for $940,000.

Both Tempe properties were among four buildings in the Southern Avenue and Priest Drive industrial park that were sold by BRS-San Diego in the past year, Klees says. The seller, which has about seven buildings left to hawk from a portfolio acquisition, opted for individual sales to glean more than what could be had from a packaged asset disposition, he notes. Klees assisted both parties in the transaction.

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.