Matthews™ Executes Phoenix IOS Acquisition to Support Owner-User Growth

PHOENIX, AZ—Matthews™, a commercial real estate investment services and technology firm, represented the buyer in the acquisition of an industrial outdoor storage (IOS) facility located at 234 E Mohave St in Phoenix, Arizona. Matthews™ First Vice President John Stroud facilitated the $8,500,000 transaction, marking the third-highest sale price for an industrial property within the SC N of Salt River submarket in the last year.

Located within the MSA’s premier industrial corridor, the asset is ideally positioned near Phoenix Sky Harbor International Airport, offering convenient access to Interstates 10 and 17, Loop 202, and key regional transportation routes. The property offers 5,000-square-feet of office space and 26,141-square-feet of warehouse and manufacturing space, creating a functional balance between administrative and operational uses. Situated on a 3.88-acre lot, the IOS facility features A-1 zoning and a newly paved and secured outdoor yard.

After introducing the purchaser for the buyer’s previous facility, Stroud remained a trusted advisor as the owner-user, a concrete-plastering company, sought a larger property to support its expanding operations. Leveraging his extensive knowledge of the local industrial market, Stroud identified the recently renovated asset as an ideal fit, offering the infrastructure, outdoor storage, and move-in-ready condition needed to support the company’s continued growth. Through proactive communication and established lending relationships, Stroud ensured a seamless closing, allowing the seller to capitalize on their value-add strategy while providing the buyer with a move-in-ready facility requiring minimal capital improvements.

“The best transactions come from understanding your client’s business beyond a single deal,” said Stroud. “Having worked with this owner previously, we knew exactly what they needed in their next facility and were able to identify a property that supported both their immediate operations and long-term growth.”

For more information, please contact John Stroud or visit www.matthews.com.

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.