Phoenix Warehouse that Houses Home Depot Sold for $26M

Source:  Business Journals

A San Francisco-based company has scooped up a huge warehouse in southwest Phoenix occupied by Home Depot for $26.25 million, according to a statement Tuesday from Jones Lang LaSalle. At 400,000 square feet, the transaction commanded a sales price of $65.62 per square foot — slightly higher than the Valleywide average of $59.33 for industrial space, according to the most recent data by LoopNet. The sale also follows a disappointing third quarter for the industrial sector in which ...

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