Vizzda Weekly - week ending 10/16/15

Keeping you up-to-date with CRE deals in the Phoenix metro area
Team Vizzda would like to present Vizzda Weekly - our complimentary weekly recap of commercial real estate activity in Maricopa County. Every Monday we send out Vizzda Weekly with the number of events we reported on and cataloged along with some featured events from the previous week.
Keep in mind, this is just the tip of the iceberg. Vizzda provides in depth information for all commercial properties - Multifamily, Office, Industrial, Retail, Storage, Hospitality, Mobile Home, Senior Facilities, Golf, Hospitals, Land & Lots - in Maricopa County to our subscribers. ***VIZZDA NOW COVERS PINAL COUNTY*** Team Vizzda is pleased to announce the addition of Pinal County data to our exclusive information service. Please contact Karyn MacVean at (480) 924-2000 orkmacvean@vizzda.com for pricing and assistance.
For the week ending October 16, 2015 Last week, Vizzda researched 56 Sales events totaling $246,859,813 in transaction value. We also reported on and cataloged 2 Distressed Property notices, 27 Debt Recordings and31 Planning & Zoning events.
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What happened in LAND last week? Vizzda reported on and cataloged 21 Land Sales and 6 Debt Recording in Maricopa County.
	Featured Land Sale: ±36 Acres sells for $6.8M in West Phoenix Conor Commercial Real Estate, part of the McShane Group of Companies, sold 36 acres of land to Medline Industries Inc. for $6.8M on 10/13/2015. The property is currently zoned CP/GCP & there is a proposal for the development of a ±1.9M SF warehouse/distribution center in four buildings.   Vizzda subscribers - please click here for the full report.
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What happened in OFFICE last week? Vizzda reported on and cataloged 8 Office Sales, 1 Notice for Trustee Sale, 3 Debt Recordings and 3 proposed Office Planning & Zoning events in Maricopa County.
	Featured Office Sale: ±28K SF Office Property sells for $7M in Gilbert American Realty Capital Properties (ARCP) purchased the ±28K SF Greenfield Medical/Dental Center on 10/13/2015 for $7M from Drs. Howard Simon and Amity Simon. The property consists of three one-story medical office buildings built 2001 on 3.11 AC, zoned CC. Vizzda subscribers - please click here for the full report.
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What happened in MULTIFAMILY last week? Vizzda reported on and cataloged 7 Multifamily Sales, 6 Debt Recordings and 2 proposed Multifamily Planning & Zoning events in Maricopa County.
	Featured Multifamily Sale: Camelback Villa sells for $5.7M in Glendale Pratik Jogani acquired the 128-unit Camelback Villa complex from Sureway Properties on 10/15/2015 for $5.7M, or $44K/unit, with $500K down & $5.2M in seller-carried debt. The seller is carrying 2 notes originally loaned 9/10/2008 ($5.4M) and 1/15/2009 ($600K) with Wachovia Bank, totaling $6M. This complex totals 32 residential buildings, totaling ±112K SF, built in 1973-74 on 7.94 acres zoned R-4. Vizzda subscribers - please click here for the full report.
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What happened in RETAIL last week? Vizzda reported on and cataloged 7 Retail Sales, 1 Notice for Trustee Sale, 7 Debt Recordings and 6 proposed Retail Planning & Zoning events in Maricopa County.
	Featured Retail Sale: ±9K SF Shops at Prasada sells for $4.4M in Surprise Jon Stewart of TSM Ventures acquired the ±9K SF strip retail property from Evergreen Development Company on 10/12/2015 for $4.4M. Net lease sale, lease terms as follows: MedPost Urgent Care Clinic (corporate guarantee) expires on 7/31/2025 with 2 5-year options to extend; Nails & Spa (personal guarantee) expires on 8/31/2023 with 1 5-year option to extend; Sally Beauty Supply (corporate guarantee) expires on 6/30/2020 with 2 5-year options to extend; GoWireless Verizon Wireless Premium Dealer (corporate guarantee) expires on6/30/2020 with 1 5-year option to extend. Net operating income (2016) of $290,982, cap rate of 6.56%. Vizzda subscribers - please click here for the full report.
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What happened in INDUSTRIAL last week? Vizzda reported on and cataloged 11 Industrial Sales, 5 Debt Recordings and 3 proposed Industrial Planning & Zoning events in Maricopa County.
	Featured Industrial Sale: ±5 Acre Industrial Property sells for $1.45M in Phoenix Jacqueline R. Abboud purchased the ±5 acre industrial property with ±18K SF of improvements on 10/14/2015 from Robert N. Brown (former tenant) for $1.45M with $550K down and $900K seller-carry debt. Affidavit indicates $200K of sale as personal property with no description given. The property consists of three single-story building built 1946-1950 on 5.27 acres & zoned A-2 (Heavy Industrial). The sale included three 7.5-ton cranes, ±2,000 SF of office, 50'x300' craneway building. Subscribers - please click here for the full report.
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DISCLAIMER: The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person viewing this information to independently verify it.