Stos Partners, a real estate investment firm based in Encinitas, has acquired an industrial building in the Phoenix suburb of Tolleson for $16.4 million.
The 227,000 square-foot building at 10300 W. Buckeye was built in two phases in 2005 and in 2016. It has 32-foot clear heights and dock-high loading doors.
“Tolleson has quickly emerged as the preferred infill destination for large distribution and manufacturing tenants in the region,” says Jason Richards, a partner with Stos Partners. “This made this a very attractive acquisition as there will continue to be strong demand for the asset over time.”
Bob Broyles at Colliers International and Jeff Hays at Commercial Properties represented both the buyer and seller.