ViaWest Group and Walton Street Capital have sold Farmer Industrial Center, a 93,903-square-foot, two-building industrial park located at 9185 and 9245 South Farmer Avenue in Tempe, Ariz., for $24.5 million.
The property sits within the infill industrial submarket of Tempe, offering connectivity and proximity to Interstate 10 (four minutes) and Loop 101 (seven minutes), providing access to multiple major transportation arteries, including Loop 202, U.S. Highway 60 and Sky Harbor International Airport.
The property features a 20-foot clear height, six dock-high and 13 grade-level doors, with additional capacity through two punch-outs, wet-pipe sprinkler systems and ample parking at 2.63 spaces per 1,000 square feet.
Currently 94.1 percent leased to seven tenants across diverse industries including aerospace, third-party logistics, home improvement services and electrical testing, the property provides a stable and balanced income stream with staggered rollover.
