Vizzda Weekly - week ending 10/9/15

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 9, 2015 Last week, Vizzda researched 72 Sales events totaling $596,220,318 in transaction value. We also reported on and cataloged 23 Distressed Property notices, 28 Debt Recordings and38 Planning & Zoning events.
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What happened in LAND last week? Vizzda reported on and cataloged 9 Land Sales and 1 Debt Recording in Maricopa County.
	Featured Land Sale: ±1 Acre Sells for $1M in Tempe Super Star Car Wash purchased 1 acre of commercial land zoned GID on 10/7/2015 from Arizona Tile Co. for $1M. Buyers plan to construct a freestanding car wash with ,794 SF car wash and 7,198 SF vacuum canopy station on the property.   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, 2 Notices for Trustee Sale, 3 Debt Recordings and 5 proposed Retail Office Planning & Zoning events in Maricopa County.
	Featured Office Sale: ±85K SF Office Property Sells for $10.4M in Phoenix The Presson Corporation sold an ±85K SF office property 10/5/2015 to a joint venture between the Douglas Allred Company & DW Capital Partners for $10.4M with $2.1M down and $8.2M new debt with Bankers Trust Company. The sale included two 3-story buildings built in 1980 on 3.73 acres, zoned C-2 & C-C. Vizzda subscribers - please click here for the full report.
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What happened in MULTIFAMILY last week? Vizzda reported on and cataloged 10 Multifamily Sales, 4 Debt Recordings and 4 proposed Multifamily Planning & Zoning events in Maricopa County.
	Featured Multifamily Sale: 12-Unit Apartment Complex sells for $1.5M in Phoenix William S. Kurohara purchased a 12-unit apartment complex built in 1930 on 10/6/2015 from Randy L. Boles (The Boles Group) for $1.5M with $450K down and $1.1M variable-interest debt with Washington Federal. Vizzda subscribers - please click here for the full report.
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What happened in RETAIL last week? Vizzda reported on and cataloged 17 Retail Sales, 9 Debt Recordings and 7 proposed Retail Planning & Zoning events in Maricopa County.
	Featured Retail Sale: ±21K SF Retail Property sells for $900K in Phoenix Hirmiz Kando acquired the ±21K SF retail property built in 1981 on 10/5/2015 for $900K with $90K down and $2.5M in new debt with Western State Bank. Kando owns neighboring anchor parcel where his place of business, American Royal Palace, is tenant. Vizzda subscribers - please click here for the full report.
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What happened in INDUSTRIAL last week? Vizzda reported on and cataloged 20 Industrial Sales, 9 Debt Recordings and 2 proposed Industrial Planning & Zoning events in Maricopa County.
	Featured Industrial Sale: ±88K SF Industrial Flex Building sells for $19M in Gilbert Silverpeak Real Estate Partners acquired an ±88K SF industrial flex property 10/6/2015 for $19M; $7.5M down and $11.5M new debt with loan to self. The Sale Agreement is dated 8/7/2015. NNN sale with Curtiss-Wright Controls Integrated Sensing Inc. (Curtiss Wright Corp) as lessee initiated 11/15/2013 and to expire August 2024, with option to extend for 7 years. 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.