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Real Estate
Phoenix manufacturing center sells for $6.3M
CBRE
An FDA-certified laboratory and manufacturing facility sold for $6.3 million, CBRE announced.
The property — at 2801 S. 35th Street in Phoenix — was originally built in 1991 and includes multiple clean rooms and built-in coolers, according to a press release.
Posted
An FDA-certified laboratory and manufacturing facility sold for $6.3 million, CBRE announced.
The property — at 2801 S. 35th Street in Phoenix — was originally built in 1991 and includes multiple clean rooms and built-in coolers, according to a press release.
Nextmune, a global animal pharmaceutical company, currently leases the property, the press release stated.
PR & MC Properties LLC purchased the property from Lasalle Company LLC and Hannay Investment Properties.
"This was an extremely rare, long-term leased flex industrial space in the heart of metro Phoenix," said Geoffrey Turbow, senior vice president at CBRE. "The flex industrial building offers unmatched connectivity to the Valley's population. The proximity to Arizona State University provides Nextmune access to one of the nation's strongest labor pools."
