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May 07, 2019

CapPlus Technologies buys manufacturing facility at Spectrum Ridge Business Park

CapPlus Technologies, a leader in providing innovative production and packaging solutions for softgel caps, capsules, and tablets, has purchased a state-of-the-art manufacturing and distribution facility within the Spectrum Ridge Business Park for $2,925,000 or $142.27 per square foot. The seller was United Heating and Cooling, a full-service HVAC service firm based out of Kansas City. Kidder Mathews commercial real estate brokers, Mike Ciosek, Eric Bell, and Dylan Scott, represented both parties in the transaction.

The +20,559 square foot manufacturing and light distribution facility is situated on a +1.35-acre yard at 905 East Salter Drive in Phoenix, Arizona. It is located in the highly sought-after Deer Valley submarket which is currently experiencing low inventory and rising prices.

"Congratulations to CapPlus Technologies. They have a fantastic business, and this facility will help them take their manufacturing and distribution to the next level," said Ciosek. "In addition to the quality of the facility, Spectrum Ridge is one of the best situated industrial parks in the area with a full diamond interchange to the Loop 101, less than a half mile away," he said.

About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with 800 real estate professionals and staff in 22 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $9 billion in transactions, manages over 51 million square feet of space, and conducts over 1,600 appraisals annually. For more information, visit kiddermathews.com.

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