PHOENIX – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that locally-based Douradas Investments, LP acquired the Universal Exchange Building, 24490 North 20th Drive, for $1.38 million ($105 PSF). The seller was Pallanick Family, LLC a company formed by Universal Exchange.
John Pompay Vice President of Cassidy Turley’s Industrial Group represented the seller, while Shelly O’Keefe with Biltmore Lifestyles Real Estate Company represented the buyer.
Built in 2007, the Universal Exchange Building is a ±13,181 square foot industrial warehouse on .83 acres and is configured for a single-tenant. The property is located at 19th Avenue and Alameda Road in
the Alameda Business Park, a 155,080 square-foot warehouse/office project with 11 buildings on 10.7 acres. The property featured several upgrades including an insulated roof deck in the warehouse, motion activated T-5 lighting and video security system. At the time of sale, the building was occupied by Universal Exchange, a full service facilities management company.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 4,000 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $25.8 billion in 2013, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 24,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information.