An industrial building in Surprise was sold to a real estate investment firm for more than $36 million.
Cushman and Wakefield
A industrial building in Surprise was sold for $36.28 million, Cushman and Wakefield announced.
The 168,000-square-foot building was bought by Cohen Asset Management, Inc. — a real estate investment firm based in southern California, according to a press release.
The building is located at 11301 N. Litchfield Road.
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Surprise industrial building sells for $36.2M
Cushman and Wakefield
An industrial building in Surprise was sold to a real estate investment firm for more than $36 million.
Posted
Independent Newsmedia
A industrial building in Surprise was sold for $36.28 million, Cushman and Wakefield announced.
The 168,000-square-foot building was bought by Cohen Asset Management, Inc. — a real estate investment firm based in southern California, according to a press release.
The building is located at 11301 N. Litchfield Road.
“Desert Cove Industrial Center is a fully leased, income-generating asset positioned in the heart of Phoenix’s West Valley—one of the most sought-after industrial markets in the nation,” said Molly Hunt of Cushman and Wakefield. “Its location near TSMC (Arizona) and access to a deep, skilled labor pool, combined with strong rent growth and long-term market fundamentals, made this a highly desirable asset for the buyer.”
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