Marcus & Millichap brokers USD 2.85 million sale of Phoenix industrial warehouse

Marcus & Millichap, Inc.

Marcus & Millichap, Inc.

MMI

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  • Marcus & Millichap brokered the USD 2.85 million sale of a 13,400-square-foot industrial warehouse near Phoenix Sky Harbor International Airport.
  • A new 10-year lease extension was negotiated during escrow, shifting the property to a long-term net lease investment; the lease starts in August 2026.
  • The tenant uses the site as a lens cutting and manufacturing facility; the buyer plans targeted capital improvements to support operations.


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