{"id":1004473312,"date":"2020-08-25T05:17:20","date_gmt":"2020-08-25T13:17:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004473312"},"modified":"2025-02-26T03:09:22","modified_gmt":"2025-02-26T11:09:22","slug":"daum-commercial-arranges-phoenix-industrial-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/daum-commercial-arranges-phoenix-industrial-lease\/","title":{"rendered":"DAUM Commercial Arranges Phoenix Industrial Lease"},"content":{"rendered":"<div id=\"attachment_1004473324\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/2362-W.-Shangrila-Road-e1598349706669.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004473324\" data-attachment-id=\"1004473324\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/daum-commercial-arranges-phoenix-industrial-lease\/2362-w-shangrila-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/2362-W.-Shangrila-Road-e1598349706669.jpg\" data-orig-size=\"1564,1171\" 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=\"2362 W. Shangrila Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;2362 W. Shangrila Road. Image courtesy of DAUM Commercial.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/2362-W.-Shangrila-Road-e1598349706669.jpg?w=1024\" class=\"wp-image-1004473324 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/2362-W.-Shangrila-Road-e1598349706669.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/2362-W.-Shangrila-Road-e1598349706669.jpg 1564w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/2362-W.-Shangrila-Road-e1598349706669.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/2362-W.-Shangrila-Road-e1598349706669.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/2362-W.-Shangrila-Road-e1598349706669.jpg?resize=1024,767 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/2362-W.-Shangrila-Road-e1598349706669.jpg?resize=1536,1150 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004473324\" class=\"wp-caption-text\">2362 W. Shangri-la Road.&nbsp;<em>Image courtesy of DAUM Commercial<\/em><\/p><\/div>\n<p>DAUM Commercial Real Estate Services&nbsp;has arranged a 42,000-square-foot, full-building lease at a&nbsp;Phoenix industrial facility. Executive Vice President David Wilson and Associate Carter Wilson represented the landlord and assisted the tenant, Empire Metal Products. The 10-year lease has a total value of $4.3 million.&nbsp;&nbsp;<\/p>\n<p>Built in 1980, the facility is fully air conditioned and has 277\/480-volt three-phase power with 3,600 amps, 18-foot clear heights and 12- by 16-foot grade-level overhead doors. According to Yardi Matrix, the asset last changed hands in 2017 for $4.2 million.&nbsp;<\/p>\n<p>Located at 2362 W. Shangri-la Road, on 2.2 acres, the Class B property is just off Interstate 17. According to Carter Wilson, the asset is 2 miles from the tenant\u2019s long-term headquarters, from which Empire Metal is planning to relocate and expand its manufacturing operations. The new location is 11 miles from downtown Phoenix.&nbsp;<\/p>\n<p>At the end of July, another DAUM team negotiated <a href=\"https:\/\/www.commercialsearch.com\/news\/daum-commercial-inks-255-ksf-los-angeles-sublease\/\">a full-building industrial sublease<\/a>&nbsp;outside Los Angeles. Robertson Properties Group owns the 254,700-square-foot property in La Mirada, Calif.&nbsp; &nbsp;<\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in&nbsp;<\/em><a href=\"https:\/\/www.surveymonkey.com\/r\/BrokersCorner\" target=\"_blank\" rel=\"noopener\"><strong><em>our short form<\/em><\/strong><\/a><em>&nbsp;or send your deal to&nbsp;<\/em><a href=\"mailto:deals@cpe-mhn.com\" target=\"_blank\" rel=\"noopener\"><strong><em>deals@cpe-mhn.com<\/em><\/strong><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Executive Vice President David Wilson and Associate Carter Wilson represented both the landlord and the tenant.<\/p>\n","protected":false},"author":868,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21748,21742,1601,15],"tags":[34824],"class_list":["post-1004473312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-industrial","category-latest","category-phoenix","category-west","tag-daum-commercial"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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