Scottsdale Airpark Facility Sells for $2.1M


Article originally posted on AZ Big Media on December 14, 2016

A 14,500-square-foot industrial facility in the Scottsdale Airpark sold to SWAKE Holdings LLC, according to ORION Investment Real Estate, which represented SWAKE.

The industrial warehouse property at 15210 N. 75th St. in Scottsdale, was sold for $2,100,000, totaling $145-per-square-foot.

The property was built in 1994, and is centrally located in the Scottsdale Airpark. The Airport and its surrounding Commerce Airpark is Scottsdale’s only industrial-zoned area. And the property is about nine miles north of Scottsdale’s downtown area.

The seller was represented by Mike Kane at Colliers International, and the sale was an owner/user sale.

Nick Miner, CCIM, Senior Vice President at ORION Investment Real Estate, represented the buyer in this transaction. “I worked with my client to find the right property for their business to relocate into. The biggest hurdle – finding a property in the Scottsdale Airpark that met the Buyer’s specific requirements because of the lack of available options in the timeframe we were working with.”