The El Dorado Tech Center in Gilbert sold to Walton Street Capital and Everest Holdings on Wednesday for $17.8 million, or $99 per square foot. The buyers financed the sale with a $13.8 million new construction loan with Compass Bank. GoDaddy occupies 70% of the 180,480 square foot two-story building, which is located at the southwest corner of Gilbert Road and Arizona Avenue. Seller James L Bates originally acquired the property as vacant land for $5,555,000 in July of 2000.
For more information including complete property history, planning/zoning, and buyer/seller contacts visit us at www.vizzda.com or email us at info@vizzda.com.
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