Friday, October 9, 2015

88,000 Square Feet of Industrial Net Leased to Curtiss-Wright Sells for $19 Million

Area Map

Irvine, California-based Silverpeak Real Estate Advisors purchased the 88,000 square foot industrial flex building at 1150 N Fiesta Blvd in Gilbert on Tuesday. The building is net-leased to Curtiss-Wright Controls Integrated Sensing Inc, a subsidiary of Curtiss-Wright Corporation. Pursuant to a sale agreement dated November of 2013, the property sold for $19 million or $216 per square foot.

1150 N Fiesta Blvd was built in 1997 and was fully renovated in 2014. It stands on 11.11 acres near the northeast corner of Country Club Drive and Guadalupe Road in Gilbert.

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