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PHOENIX-A roofing construction and repair business haspurchased a 9,500-sf industrial building in SouthwestPhoenix for $355,000, citing the property’s fencedyard and multi-tenant potential as key factors behindthe deal.”They really needed a yard so that was a key thingthey were looking for. They also liked the fact thatit was multi-tenant,” Mike Goldwater, a marketingassociate with Ross Brown Partners Inc. in Phoenix,tells GlobeSt.com.Phoenix-based C&N Roofing Inc. has closed the deal withsellers Angel and Michelle Tellez, also of Phoenix.The vacant property had stood on the market forapproximately four months before entering a relativelyquick escrow, Goldwater says.Located at 2620 W. Encanto Blvd. just west of the BlackCanyon Freeway and south of Thomas Road, the building was originally constructed in 1979. C&N has relocated from its former location at 1018 E. Indian School Road to take advantage of the new space, which sits on a 22,651-sf lot.Goldwater acted on behalf of the buyer. Toby Campbell of GVADaum Commercial Real Estate Services in Phoenixrepresented the seller.

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