Tempe investor buys property in Scottsdale Airpark

A Tempe investor has purchased the industrial/flex building at 7434 E. Monte Cristo Ave. in the Scottsdale Airpark for a price of $4.68 million.

The buyer will occupy the entire 28,241-square-foot structure to house Precision Fleet Services auto showroom and administrative offices, according to a press release.

“This attractive, two-story structure offers incredible proximity within the Scottsdale Airpark,” Jim Keeley, founding partner and senior executive vice president of Colliers International in Arizona, said in a prepared statement.

“Located very close to Kierland Commons and Scottsdale Quarter, the building will provide this buyer with a terrific combination of auto-friendly dock doors and staging areas, as well as well-appointed office spaces.”

The company 7434 E Monte Cristo LLC, by Malck LLC of Tempe purchased the property from Western Properties Inc. of Seattle. Mr. Keeley represented the seller in the transaction. Chad Ackerly of Commercial Properties in Tempe represented the buyer.

The building, which was constructed in 2001, contains two levels of space, three dock high doors and two grade level doors. The property has a secured, fenced area and 64 parking spaces.

The first floor features approximately 14,730 square feet of warehouse and approximately 6,316 square feet of office spaces. The second level consists of approximately 6,400 square feet of offices and an 806-square-foot balcony.

The property offers access to Scottsdale Road via Paradise Lane, just south of Bell Road. The surrounding area includes an abundance of retail, hospitality and additional auto businesses.

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