DAUM commercial real estate services recently led the acquisition of a 13,483 square foot industrial property in the Phoenix submarket of Glendale, Arizona on behalf of buyer Bumble Bee Plumbing.
The asset will serve as the buyer’s new headquarters, according to Carter Wilson, associate at DAUM Commercial who completed the transaction with David Wilson, DAUM executive vice president.
“As a leader in the repair and maintenance of commercial and residential plumbing, Bumble Bee has seen constant growth and weighed the options for leasing and owning a new main building,” says Carter. “We were able to identify a well-located asset in the Glendale submarket that offers easy access to the entire Phoenix area at the right price. Ultimately, given the cheap funding in today’s market, Bumble Bee felt it was the right time to buy this property. “
According to Michael Krpata, owner of Bumble Bee Plumbing, this asset provides the company with an opportunity to continue to expand and train new employees: “Given the current health concerns surrounding the pandemic, the public has seen the importance of essential services and that trade work like plumbing is a good career choice. “
The property is at 7600 N. 71st Avenue, Glendale, Arizona and was purchased for $ 1.525 million.
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