{"id":1004209451,"date":"2018-03-07T09:23:22","date_gmt":"2018-03-07T17:23:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004209451"},"modified":"2022-12-09T00:24:33","modified_gmt":"2022-12-09T08:24:33","slug":"iac-acquires-phoenix-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/iac-acquires-phoenix-industrial-asset\/","title":{"rendered":"IAC Acquires Phoenix Industrial Asset"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004209453\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/3831-S.-Bullard-Ave.-in-Goodyear-Ariz..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004209453\" data-attachment-id=\"1004209453\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/iac-acquires-phoenix-industrial-asset\/3831-s-bullard-ave-in-goodyear-ariz\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/3831-S.-Bullard-Ave.-in-Goodyear-Ariz..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Jeffrey Hamann&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1520436145&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=\"3831 S. Bullard Ave. in Goodyear, Ariz.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;3831 S. Bullard Ave. in Goodyear, Ariz.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/3831-S.-Bullard-Ave.-in-Goodyear-Ariz..jpg?w=800\" class=\"wp-image-1004209453 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/3831-S.-Bullard-Ave.-in-Goodyear-Ariz..jpg\" alt=\"3831 S. Bullard Ave. in Goodyear, Ariz.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/3831-S.-Bullard-Ave.-in-Goodyear-Ariz..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/3831-S.-Bullard-Ave.-in-Goodyear-Ariz..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/3831-S.-Bullard-Ave.-in-Goodyear-Ariz..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004209453\" class=\"wp-caption-text\">3831 S. Bullard Ave. in Goodyear, Ariz.<\/p><\/div>\n<p>IAC Industries has purchased a 50,000-square-foot industrial asset in Goodyear, Ariz., where it intends to <a href=\"https:\/\/www.commercialsearch.com\/news\/footprint-relocates-production-to-gilbert-az\/\">relocate its manufacturing operations<\/a>. The buyer paid the previous owner $2.9 million for the property, according to public records. IAC landed a $3.5 million, variable-rate construction loan from Bank of the West\u2014a subsidiary of BNP Paribas\u2014to fund both the acquisition of the building and planned renovation work.<\/p>\n<p>Located at 3831 S. Bullard Ave., the property sits within half a mile of the Phoenix Goodyear Airport and is within four miles of Interstate 10, enabling convenient regional access. The structure is positioned in a small industrial area, approximately 20 miles west of downtown Phoenix.<\/p>\n<p>Mike Ciosek, Eric Bell and Dylan Scott of Kidder Mathews represented IAC in the sale transaction.<\/p>\n<p><em>\u201cThis is another great example of a Southern California company that was looking to relocate to Arizona to reduce operating costs and increase the bottom line, without sacrificing a quality employment base,\u201d<\/em> said Ciosek, managing partner at Kidder Mathews, in a prepared statement.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Kidder Matthews team led by Mike Ciosek, Eric Bell and Dylan Scott negotiated the deal for the 50,000-square-foot building.<\/p>\n","protected":false},"author":861,"featured_media":1004209453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21748,21783,21742,1601,15],"tags":[33327,36351,33612],"class_list":["post-1004209451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-bnp-paribas","tag-capital-improvement","tag-kidder-mathews"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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