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Cushman & Wakefield brokers off-market industrial acquisition in Phoenix

A view of the Phoenix property purchased by Refrigeration Supplies Distributor in the industrial sector of in the southern region of the municipality. (File Photos/DigitalFreePress.com)

Asset changes hands for $7.2M to serve Phoenix expansion

Staff Reports | Digital Free Press

Cushman & Wakefield has announced the firm has brokered the sale of a freestanding 40,794-square-foot industrial-distribution building in Phoenix.

Refrigeration Supplies Distributor, a California-based company, acquired the property at 3935 W. Adams St. for $7.2 million, according to a press release.

The seller was BECMED, LLC, the release states.

Michael Kitlica and Jason Ward of Cushman & Wakefield represented the buyer in the transaction.

“After an extensive search, an off-market opportunity presented itself to acquire this asset at well below replication costs,” Mr. Kitlica said in a prepared statement. “3935 W. Adams was a vital addition to RSD’s portfolio to serve their Phoenix expansion needs.”

Strategically located a few blocks south of the Interstate 10 and 43rd interchange, the property features 24-foot clear height, dock-high loading and secured fenced yard. The property is found in close proximity to several major freeways including Interstates 10 and 17 and Loop 202.

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