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Presson Sells 3 Buildings Phoenix

Cutler Commercial Brokers $1.85M Sale
By Anna Orlando
December 11, 2002 | 7:05 P.M.

In two separate transactions, an investment partnership called Washington Street Enterprises Arizona LLC purchased two buildings at 3101 West Thomas Road and a third building at 3120 West Virginia Avenue in Phoenix for $1.85 million from Presson Corp. The three-building, 46,694-square-foot industrial portfolio was fully leased at the time of the sale. The concrete block buildings offer 370 square feet of combined frontage and 127,050 square feet of total land area. Rod Crotty and Todd Hamilton of Cutler Commercial represented both parties in the transaction.

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