DAUM COMMERCIAL HELPS LOCAL BUSINESS EXPAND WITH THE ACQUISITION OF NEW HEADQUARTERS LOCATION IN GLENDALE, ARIZONA

DAUM Commercial Real Estate Services has recently directed the acquisition of a 13,483 square-foot industrial property in the greater Phoenix submarket of Glendale, Arizona on behalf of the buyer, Bumble Bee Plumbing.

The asset will serve as the buyer’s new headquarters location, according to Carter Wilson, Associate at DAUM Commercial, who completed the transaction alongside DAUM Executive Vice President David Wilson.

“As a leading commercial and residential plumbing repair and maintenance company, Bumble Bee has experienced consistent growth and was weighing the options of both leasing and owning a new headquarters building,” says Carter. “We were able to identify a well-located asset in the Glendale submarket, which provides easy access throughout the Phoenix area, at the right price point. Due to the favorable financing of today’s market, Bumble Bee ultimately felt it was the right time to purchase this property.”

According to Michael Krpata, owner of Bumble Bee plumbing, this asset will give the company the opportunity to continue to expand and train new recruits: “With the current health concerns surrounding the pandemic, the public has seen just how important essential services are and that trade work, such as plumbing, is a great career choice.”

The property is located at 7600 N. 71st Avenue, Glendale, Arizona and was purchased for $1.525 million.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.