Iridium building sells for $16 million


What: Iridium @ Price Road Corridor

Size: 69,820 square feet

Location: Chandler

Cost: $16 million

Buyer: Bay Capital LLC of Braintree, Massachusetts

Seller: Los Angeles-based Cohen Asset Management

Details: The property is fully leased to Iridium Communications. The asset includes three acres of vacant land to either expand the project, add a building or add parking in the future.

What they said: “In 2014, Cohen put together an investment strategy for the acquisition of Iridium @ Price Road…

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