{"id":1004351531,"date":"2019-09-12T08:06:52","date_gmt":"2019-09-12T16:06:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004351531"},"modified":"2025-02-27T22:33:37","modified_gmt":"2025-02-28T06:33:37","slug":"jll-brokers-sale-of-last-mile-facility-in-phoenix","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-brokers-sale-of-last-mile-facility-in-phoenix\/","title":{"rendered":"JLL Brokers Sale of Arizona Last-Mile Facility"},"content":{"rendered":"<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/CPE-Brokers-Corner.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-full wp-image-1004312366\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/CPE-Brokers-Corner.jpg\" alt=\"\" width=\"827\" height=\"400\"><\/a><\/p>\n<div id=\"attachment_1004351534\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/IMG_3228.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004351534\" data-attachment-id=\"1004351534\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-brokers-sale-of-last-mile-facility-in-phoenix\/img_3228\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/IMG_3228.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;1.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone 8 Plus&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1560939175&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;3.99&quot;,&quot;iso&quot;:&quot;80&quot;,&quot;shutter_speed&quot;:&quot;0.066666666666667&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"8210 S. Hardy Dr\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;8210 S. Hardy Drive. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/IMG_3228.jpg?w=800\" loading=\"lazy\" class=\"wp-image-1004351534 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/IMG_3228.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/IMG_3228.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/IMG_3228.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/IMG_3228.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004351534\" class=\"wp-caption-text\">8210 S. Hardy Drive. <em>Image courtesy of JLL<\/em><\/p><\/div>\n<p>JLL has arranged the sale of a 128,000-square-foot last-mile warehouse in Tempe, Ariz., for $16.2 million. The firm\u2019s Senior Vice Presidents Tivon Moffitt and Peter Bauman and Executive Vice President Steve Larsen represented the seller, MRM Capital, in the transaction. The buyer was an out-of-state, 1031 exchange partnership.<\/p>\n<p>Located at 8210 S. Hardy Drive, the facility is near Interstate 10, around 7 miles from downtown Tempe and within 14 miles of downtown Phoenix. Additionally, the warehouse is close to retailers such as Ikea, Costco Wholesale and The Dump Furniture Outlet.<\/p>\n<p>Constructed in 1997, the one-building, built-to-suit facility occupies more than 8 acres and features cross docks, dock leveler, dock bumpers, grade level and truck well loading doors and a truck court. The warehouse has been fully occupied by FedEx since its completion.<\/p>\n<p>According to JLL, strong and steady absorption in the Valley led to the lowest vacancy rate (6.7 percent) in 10 years. The firm\u2019s latest industrial deals include a leasing transaction arranged on behalf of the landlord, Prologis, for a <a href=\"https:\/\/www.commercialsearch.com\/news\/prologis-lands-217-ksf-tenant-in-the-inland-empire\/\">217,258-square-foot space in the Inland Empire<\/a>.<\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to&nbsp;<a href=\"mailto:deals@cpe-mhn.com\"><strong>deals@cpe-mhn.com<\/strong><\/a>.<\/em>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The brokerage firm represented MRM Capital in the company&#8217;s sale of a 128,000-square-foot warehouse in Tempe, Ariz. <\/p>\n","protected":false},"author":871,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1601,15],"tags":[33339,32796],"class_list":["post-1004351531","post","type-post","status-publish","format-standard","hentry","category-deals","category-industrial","category-investment","category-latest","category-phoenix","category-west","tag-fedex","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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