Stos Partners acquires two industrial buildings totaling 94,836sf in Phoenix

Stos Partners announced the closing of 236 and 240 North 48th Ave. in Phoenix, Ariz. The 5.3-acre property includes two freestanding industrial warehouse buildings totaling 94,836 square feet.

“We are excited to acquire 236 and 240 North 48th Avenue, a strategically located property in the Southwest Phoenix submarket where demand for modern and efficient industrial warehouse space remains strong,” said Morgan Hill, vice president at Stos Partners. “This acquisition allows us to secure a vacant asset at an excellent basis and immediately implement our value-add expertise to enhance performance and maximize income potential.”

Constructed in 1978, 240 North 48th Avenue totals 83,200 square feet, divisible into smaller units if desired. The warehouse building features 3,450 square feet of office space, 24-foot clear height, 19 dock-high doors, two grade-level loading doors and power of 7,000 AMPS. Outside, the property offers 45 parking spaces and direct access to