Infinity Trading and Solutions acquired the industrial building at 450 E. Elliot Rd. in Chandler, AZ from Wells Fargo Bank for $3.22 million, just about $55 per square foot, in an REO sale.
The 58,559-square-foot manufacturing building was constructed in 2008 and sits on 4.23 acres. The property was 100 percent vacant at the time of sale.
Bret Isbell and Russell Fine of GPE Commercial Advisors represented the seller. Kurt Saulnier of Grubb & Ellis represented the buyer.
Please refer to CoStar COMPS #2252669 for more information on this transaction.