Cushman & Wakefield announced the firm has brokered the sale of a freestanding 40,794-square-foot industrial/distribution building in Phoenix, Arizona. Refrigeration Supplies Distributor (RSD), a California-based company, acquired the property located at 3935 West Adams St for $7.2 million. The seller was BECMED, LLC.
Michael Kitlica and Jason Ward of Cushman & Wakefield represented the buyer in the transaction.
“After an extensive search, an off-market opportunity presented itself to acquire this asset at well below replication costs,” said Michael Kitlica. “3935 West Adams was a vital addition to RSD’s portfolio to serve their Phoenix expansion needs.”
Strategically located a few blocks south of the Interstate 10 and 43rd interchange, the property features 24’ clear height, dock high loading and a secured fenced yard. The location is also in close proximity to several major freeways including Interstates 10 and 17 and Loop 202.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services.