M Culinary Concepts Sells Phoenix Cold Storage Distribution Facility for $8.8M
Cushman & Wakefield announced the firm has advised the sale and leaseback of an industrial asset occupied by M Culinary Concepts in Phoenix, Arizona. Located at 20645 N 28th St., the property comprises a 31,491-square-foot cold storage and distribution facility in Phoenix’s thriving Deer Valley submarket.
The seller was M Culinary Concepts, LLC, which in conjunction with the sale signed a long-term lease back for the full facility. The buyer was RDS Investments, which acquired the property for $8.89 million.
Originally constructed in 2008, and situated on over 2.5 acres, the property is strategically located minutes from Loop 101 & State Route 51 and has excellent access to transportation and labor.