Monday, October 5, 2015

Vizzda Weekly - week ending 10/2/15

 

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 2, 2015

Last week, Vizzda researched 59 Sales events totaling $470,805,186 in transaction value. We also reported on and cataloged 2 Distressed Property notices, 28 Debt Recordings andPlanning & Zoning events.
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What happened in LAND last week?

Vizzda reported on and cataloged 11 Land Sales, 2 Notices for Trustee Sale and 1 Debt Recording in Maricopa County.

Featured Land Sale:

2.75 Acres sells for $2.1M in Avondale

QuikTrip Corporation (QT) purchased 2.75 acres land on 9/29/2015 in two sales totaling $2.1M: The western 2.5 acres purchased from Parkway Bank & Trust for $1.8M; the eastern 0.7 acres purchased from Hamid Ertefai for $390K. No new debt recorded with either sale. In a subsequent quit-claim, these land properties were transferred to single related QuikTrip entity.
Vizzda subscribers - please click here for the full report. 

Would you like contact info for the buyer or seller?
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What happened in OFFICE last week?

Vizzda reported on and cataloged 9 Office Sales, and 4 Debt Recordings in Maricopa County.

Featured Office Sale:

Palo Verde Cancer Center sells for $8.8M in Glendale

On 9/28/2015, Sante Partners & PDC Capital Group acquired the 130K SF medical office plaza, built in 2008, for $8.8M from Select Healthcare Solutions with $2.7M down & $6.1M in new debt in 2 notes; $4.8M with Inca Capital and $1.3M in seller-carried debt.
Vizzda subscribers - please click here for the full report.

Would you like the purchase history for this property?
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What happened in MULTIFAMILY last week?

Vizzda reported on and cataloged 14 Multifamily Sales and 13 Debt Recordings in Maricopa County.

Featured Multifamily Sale:

Revival on 40th sells for $3.6M in Phoenix

John Trubilla acquired the 70 unit 3-story multifamily property built in 1982 from Cal DeSouza of ReNue Properties on 10/1/2015 for $3.6M with $1M down & $2.5M in new debt with Opus Bank (10/1/2025 Maturity Date). DeSouza / ReNUE sold three apartment complexes that day totaling 195 units for a total of $11.01M.
Vizzda subscribers - please click here for the full report. 

Did you need the unit mix for this property?
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What happened in RETAIL last week?

Vizzda reported on and cataloged 9 Retail Sales, 1 Notice for Trustee Sale, 7 Debt Recordings and 1 proposed Retail Planning & Zoning event in Maricopa County.

Featured Retail Sale:

McDonald's Ground Lease sells for $1.8M in Mesa

Orsett Properties sold the landlord interest in this ground-leased 4K SF retail property to the California entity "3568 Veteran LLC" on 9/28/2015 for $1.83M. Buyer entity traces to California real estate agents Ronald & Elsie Wynn. Net leased to "McDonalds" with lease commencing 11/15/13 for 20 years with eight 5-year options to extend, the property is part of a neighborhood shopping center with "Bashas" anchor.
Vizzda subscribers - please click here for the full report. 

Would you like the contact info for the new owner?
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What happened in INDUSTRIAL last week?

Vizzda reported on and cataloged 12 Industrial Sales, 1 Notice for Trustee Sale, 3 Debt Recordings and 1 proposed Industrial Planning & Zoning event in Maricopa County.

Featured Industrial Sale:

57K SF Cold Storage/LightManufacturing space sells for $3.6M in Phoenix

The H. J. Heinz Company sold 57K SF Cold Storage Warehouse / Light Manufacturing property to the Boyer Company on 9/30/2015 for $3.6M . Points of contact for each of the parties involved are available on the full report.
Subscribers - please click here for the full report. 

Would you like additional property information?
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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.

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