Citywide Commercial announces $27.5M acquisition in Tempe

Citywide Commercial announced that it has successfully facilitated the acquisition of a prime 112,300-square-foot industrial property located at 1345 S. 52nd St. in Tempe.

The building was purchased by Setna iO/Setnix for $27.5 million, marking a significant local expansion for the global organizations, which specialize in aftermarket aircraft parts supply and high-tech airplane parts machining and repair, a press release explained.

The newly renovated facility features a 32’ clear ceiling height, three dock-high and 10 drive-in doors, 4,000 amps of power, full building air conditioning and modern office spaces, all of which will support the company's rapid growth.

“This new property allows Setna iO and Setnix to significantly expand their local repair and distribution capabilities, and continue their ongoing growth and commitment to innovation,” Managing Partner of Citywide Commercial Todd Hamilton stated in the release.

According to Hamilton, the metro Phoenix aerospace market has had a “tremendous boom,” making Tempe a great market for the two companies to continue to thrive.

Hamilton, along with Denise Stein Chaimovitz of Entre Commercial Realty, represented the buyers, Setna iO and Setnix, in this transaction. The acquisition underscores Citywide Commercial's dedication to providing tailored real estate solutions to meet the evolving needs of its clients, according to the release.

The new Setna iO/Setnix building sits near the confluence of Interstate 10 and US 60, with seven major freeways or expressways located within 10 minutes of the property. It is five minutes from Phoenix Sky Harbor International Airport.