Lee & Associates sells Phoenix industrial portfolio for $12.45 million

Comments: The Koss | Louer team of Lee & Associates Arizona arranged the sale of a 95,836-square-foot industrial portfolio. Luke Marley, LLC., a California-based partnership owning retail product in California, purchased the portfolio from Delcor, LLC. for $12.45 million. Principals Stein Koss and Tom Louer represented both the seller and the buyer in the transaction. The portfolio is fully leased for five years to Horizon Distributors, Inc., a wholly subsidy of POOLCORP. The portfolio is comprised of the following freestanding buildings: • 8746 W. Kelton Lane, Peoria -8,750 SF on 1.25 acres • 15517 N. 77th St., Scottsdale -8,750 SF on 1.26 acres • 4055 W. Saturn Way, Chandler -5,300 SF on .86 acres • 201 W. Juanita, Mesa -9,924 SF on 1.97 acres • 5214 S. 30th St., Phoenix -42,138 SF on 5.10 acres • 41802 N. Vision Way, Anthem -10,009 SF on 1.31 acres • 4740 N. La Cholla Blvd., Tucson -10,965 SF on 1.2 acres

Date: Sep 14, 2017