If you need assistance, please call 480-365-8346

Several buildings at Thunderbird Business Park in Phoenix sell; more real estate deals to know

Thursday, December 15, 2022   /   by Juan Grimaldo

Several buildings at Thunderbird Business Park in Phoenix sell; more real estate deals to know

Several buildings located within the Thunderbird Business Park were recently acquired for $7 million — the first time this portfolio has been sold in 20 years.

The five-building industrial portfolio is located on about seven acres within Thunderbird Business Park at the southeast corner of Indian School Road and 31st Avenue in Phoenix. California-based El Camino Investment Co. purchased the buildings in November from Northgate - 72 LLC, an entity connected to Oregon-based The Randall Group, according to real estate database Vizzda.

Adam Shteir, Todd Hamilton and Chad Kirkorsky of Phoenix-based Citywide Commercial Real Estate represented the buyer, El Camino Investment Co., in the sale.

“This purchase demonstrates the long-term stability and investment strength of the Phoenix metro industrial market,” Shteir said in a statement. “We have had this property assignment for 20 years and have watched local industrial demand skyrocket over that time. We look forward to a continued strong relationship with the tenants at Thunderbird Business Park and promoting this neighborhood for small business owners.”

The five buildings total 86,268 square feet with 35 individual suites that are fully occupied by small business owners and long-term tenants. These are part of the seven-building Thunderbird Business Park.

To read more, click here

By Angela Gonzales and Audrey Jensen - Phoenix Business Journal

The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395

© 2024 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. June 13, 2024
This site powered by CINC: www.cincpro.com