Todd Hamilton SIOR, CCIM Represented Setna iO/Setnix

Setna iO/Setnix buys Tempe industrial property for $27.5 million

Citywide Commercial announced  that it has successfully facilitated the acquisition of a prime  112,300-square-foot industrial property located at 1345 S. 52nd St. in  Tempe, Arizona. The building was purchased by Setna iO/Setnix for  $27,500,000, marking a significant local expansion for the global  organizations, which specialize in aftermarket aircraft parts supply and  high-tech airplane parts machining and repair.

The newly renovated facility features a 32’ clear ceiling  height, three dock-high and 10 drive-in doors, 4,000 amps of power, full  building air conditioning and modern office spaces, all of which will  support the company’s rapid growth. Situated on a 9.17-acre site, the  property offers 494 parking spaces.

“This new property allows Setna iO and Setnix to significantly expand  their local repair and distribution capabilities, and continue their  ongoing growth and commitment to innovation. The metro Phoenix aerospace  market has experienced a tremendous boom, making Tempe a perfect market  for these two companies to continue to thrive,” said Todd Hamilton,  SIOR, CCIM, Managing Partner of Citywide Commercial.

Hamilton, along with Denise Stein Chaimovitz, SIOR, MA with Entre  Commercial Realty LLC, represented the buyers, Setna iO and Setnix, in  this transaction. The acquisition underscores Citywide Commercial’s  dedication to providing tailored real estate solutions to meet the  evolving needs of its clients.

Mike Haenel, Andy Markham and Phil Haenel of Cushman & Wakefield represented the property seller, LBA Logistics.

The new Setna iO/Setnix building sits near the confluence of Interstate  10 and US 60, with seven major freeways or expressways located within 10  minutes of the property. It is five minutes from Phoenix Sky Harbor  International Airport. 

https://azbigmedia.com/real-estate/setna-io-setnix-buys-tempe-industrial-property-for-27-5-million/

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