Just Sold 1919 E. University Dr to Alder Realty Investments

The sale of 1919 E. University Drive, Phoenix, AZ, a 53,000 square foot industrial building built in 1992 was recently recorded. The property sold to Adler Realty Investments, a California Investment Real Estate Firm. The seller was Obed Properties, Inc. from Edmonton Canada. The sales price was $2,850,000 which equates to $53.67 per square foot. The building was vacant at closing.

Steve Grossoehme of Rein & Grossoehme Commercial Real Estate represented the seller and the buyer. Steve Grossoehme specializes in the sale of industrial properties. For more information regarding the above listed transaction, contact Steve Grossoehme at 480-214-9413 or Steve@RGcre.com.

Specializing in commercial real estate for over 20 years, Rein & Grossoehme is consistently recognized as a market leader in Arizona and provides services in retail leasing and sales, office leasing and sales, industrial leasing and sales, land and pads, self storage properties, multi-family properties, single tenant triple net leased properties, and tenant representation.

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