1366 768 Stos Partners

Phoenix Independent: Firm acquires Phoenix industrial complex for $9 million


Real estate firm Stos Partners acquired a 49,513-square-foot industrial complex located on more than 3 acres in Phoenix.

The location, at 620 N. 43rd Ave., was acquired from Auto Body Parts LLC for $9 million, or $181.77 per square foot.

Stos Partners company will immediately implement a capital improvement program, stabilizing and re-tenanting the asset, according to a press release.

The property can accommodate a full building user, a two-tenant user, or three separate tenants ranging from 12,000 to 49,513 square feet.

The property is located just minutes from the I-10, I-17, State Route 202 and State Route 101 freeways, providing convenient access to neighboring communities and accessibility for transport and logistics. It is also near Sky Harbor Airport.


Article source: yourvalley.net