{"id":1004201415,"date":"2017-12-20T08:13:02","date_gmt":"2017-12-20T16:13:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004201415"},"modified":"2022-12-09T00:49:05","modified_gmt":"2022-12-09T08:49:05","slug":"bixby-acquires-phoenix-industrial-facility-for-10m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bixby-acquires-phoenix-industrial-facility-for-10m\/","title":{"rendered":"Bixby Acquires Phoenix Industrial Facility for $10M"},"content":{"rendered":"<p>By Tudor Scolca<\/p>\n<div id=\"attachment_1004201421\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/West-10-Business-Center.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004201421\" data-attachment-id=\"1004201421\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bixby-acquires-phoenix-industrial-facility-for-10m\/west-10-business-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/West-10-Business-Center.jpg\" data-orig-size=\"800,436\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"West 10 Business Center\" data-image-description=\"&lt;p&gt;West 10 Business Center&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;West 10 Business Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/West-10-Business-Center.jpg?w=800\" class=\"wp-image-1004201421 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/West-10-Business-Center.jpg\" alt=\"West 10 Business Center\" width=\"300\" height=\"164\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/West-10-Business-Center.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/West-10-Business-Center.jpg?resize=300,164 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/West-10-Business-Center.jpg?resize=768,419 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004201421\" class=\"wp-caption-text\">West 10 Business Center<\/p><\/div>\n<p>Bixby Land Co. has acquired a 146,663-square-foot industrial warehouse and distribution facility in Phoenix. The company paid $9.5 million in cash for West 10 Business Center. Executive Managing Director Will Strong of Cushman &amp; Wakefield represented the seller, Clarion Partners, while Bixby was self-represented.<\/p>\n<p>Located at 4703 W. Brill St. in Southwest Phoenix, West 10 Business Center has direct frontage on Interstate 10. It was built in 1998 and features 31 dock-high and three grade-level loading doors, 45- by 52-foot column spacing and a clear height of 26 feet. At the time of sale, the building was 100 percent leased to three tenants.<\/p>\n<h2>Excellent freeway visibility<\/h2>\n<p>West 10 Business Center is within one mile from two freeway interchanges to Interstate 10, at N. 43<sup>rd<\/sup> Ave. and N. 51<sup>st<\/sup> Ave. The property is also approximately four miles from Interstate 17. The city of Tucson, Ariz., is 122 miles away, Albuquerque is within 426 miles, Los Angeles is 366 miles away, while Las Vegas is 291 miles away.<\/p>\n<p>\u201c<em>This acquisition aligns well with our investment criteria for institutional grade industrial assets in primary and select secondary <a href=\"https:\/\/www.commercialsearch.com\/news\/bixby-closes-56m-sale-of-orange-county-building\/\">distribution markets<\/a> in the West. The quality of the building, its location with excellent freeway visibility to a major East-West interstate in the U.S. and the underlying fundamental strength of the market made this an attractive investment for Bixby,<\/em>\u201d said Mike Severson, executive vice president &amp; chief acquisitions officer of Bixby, in a prepared statement.<\/p>\n<p><em>Image courtesy of Bixby Land Company<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Built in 1998, West 10 Business Center is fully-leased to three tenants. The distribution facility is located at 4703 W. Brill St., with direct frontage along Interstate 10.<\/p>\n","protected":false},"author":1284,"featured_media":1004201421,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,1601,15],"tags":[33158,32790,32799],"class_list":["post-1004201415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-phoenix","category-west","tag-bixby-land-company","tag-clarion-partners","tag-cushman-wakefield"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bixby Acquires Phoenix Industrial Facility for $10M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bixby-acquires-phoenix-industrial-facility-for-10m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bixby Acquires Phoenix Industrial Facility for $10M\" \/>\n<meta property=\"og:description\" content=\"Built in 1998, West 10 Business Center is fully-leased to three tenants. 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