PHOENIX, AZ – May 23, 2012 – (RealEstateRama) — MidFirst Bank sold a 16,615 SF industrial manufacturing building at 21775 E. McCowan Lane in Queen Creek for $1.1M. The buyer was Ranchland Holdings I, LLC of Mesa. Price per square foot was calculated at $66.21.
TJ Swearengin and Matt McDougall of Lee & Associates represented MidFirst in this transaction. Ranchland Holdings was represented inhouse. The location is near Ocotillo and Rittenhouse roads and provides convenient access to Phoenix Mesa Gateway Airport.
The building, built in 2004 is a one-story, reinforced concrete structure of approximately 13,114 SF of warehouse and 3,500 SF of offi ce. It features a large, nearly 2 acre fenced yard, 19’ clear height ceilings, three grade level doors and a truckwell. There is also a state of the art fuel tank on the property.
About Lee & Associates
Lee & Associates specializes in providing exceptional commercial brokerage services to the industrial, offi ce, land and investment sectors of the Phoenix commercial real estate market. The Phoenix offi ce was established in 1991 and is now recognized as one of the most successful brokerage fi rms in Arizona. Each of the 46 nationwide Lee & Associates offi ces has a strong local ownership combined with a powerful platform from the national Lee & Associates network.
Senior Research Analyst
Public Relations Contact
pr (at) leearizona (dot) com