Real Estate

Property near Chase Field sells for $4.6M

This 3.41-acre property, at 724 E. Southern Pacific Drive, near chase field recently sold for $4.6 million.

(Courtesy Cushman & Wakefield)

PHOENIX — Cushman & Wakefield announced it has arranged the sale of a 44,335-square-foot industrial outdoor storage facility near Chase Field in downtown Phoenix.

The property, on 3.41 acres at 724 E. Southern Pacific Drive, features multiple warehouse and canopy structures, office space and significant industrial infrastructure. The final sale price was $4,600,000.

Cushman & Wakefield’s Will Groves represented the seller, Capitol Engineering, in the transaction.

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Real Estate

Property near Chase Field sells for $4.6M

(Courtesy Cushman & Wakefield)

This 3.41-acre property, at 724 E. Southern Pacific Drive, near chase field recently sold for $4.6 million.

Posted Friday, December 12, 2025 1:00 pm

PHOENIX — Cushman & Wakefield announced it has arranged the sale of a 44,335-square-foot industrial outdoor storage facility near Chase Field in downtown Phoenix.

Cushman & Wakefield’s Will Groves represented the seller, Capitol Engineering, in the transaction.

“This sale marks the end of an era for Capitol Engineering, which had occupied this historic downtown industrial property since the 1940s,” stated Groves in a news release. “The property’s legacy and strategic location make it a rare opportunity for an owner/user to establish operations in one of Phoenix’s most established industrial corridors. Transactions like this highlight the ongoing demand for well-located IOS (industrial outdoor storage) assets in the Phoenix market.”