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Phoenix Industrial Building Sells for Nearly Double Its 2020 Purchase Price

Minnesota-Based Meritex Acquires the Arizona Property for $20.3 Million
The Pat Simone Charitable Foundation sold the 101,932-square-foot building in the Southbank Industrial Park to Meritex. (CoStar)
The Pat Simone Charitable Foundation sold the 101,932-square-foot building in the Southbank Industrial Park to Meritex. (CoStar)
By Jadie Robinson
CoStar Research
January 31, 2024 | 9:31 P.M.

Arizona-based Pat Simone Charitable Foundation has sold a 101,932-square-foot building in the Southbank Industrial Park in Phoenix for slightly more than $20 million, after paying over $10 million for it in 2020, according to CoStar data.

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