Monday, November 23, 2015

Vizzda Weekly - week ending 11/20/15


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 November 20, 2015

Last week, Vizzda researched 83 Sales events totaling $235,542,831 in transaction value. We also reported on and cataloged Distressed Property notices, 39 Debt Recordings and20 Planning & Zoning events.
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What happened in LAND last week?

Vizzda reported on and cataloged 27 Land Sales, 2 Notices for Trustee Sale and 10 Debt Recordings in Maricopa County.
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Featured Land Sale:

±35 Acres Commercial Land Noticed for Trustee Sale in Mesa

On 11/16/2015 ±35 acres of commercial land, zoned RU-43 was noticed for trustee sale on original $3.2M debt with James L. Vance & David Hamilton (Hamilton Vance Partners) as trustor(s) and Bankers Trust as beneficiary.

Vizzda subscribers - please click here for the full report. 

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

Vizzda reported on and cataloged 18 Office Sales and 10 Debt Recordings in Maricopa County.
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Featured Office Sale:

±11K SF Office Property Sells for $1.35M in Central Phoenix

Jon Kitchell et al. (Venue Projects) purchased this 3-story multi-tenant office property on 11/16/2015 from Daniel M. Abrams (Abrams Realty & Management, a current tenant) for $1.35M ($122 per SF) with $400K down and $950K seller-carry 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 9 Multifamily Sales and 8 Debt Recordings in Maricopa County.
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Featured Multifamily Sale:

Riverview Apartments Sell for $3.4M in Mesa

Patrick F Boyd (Pro Housing) purchased the 44-unit Riverview apartment complex on 11/18/2015 from Jean D. Berry, Christine Beatty, Robert Beatty, et al. for $3.4M with $1.4M down and $2M debt with FirstBank; maturing on 11/20/2025 with an interest rate of 4.3% per year. The property consists of four 2-story buildings built 1986 on 1.79 acres zoned R-3 in the city of Mesa.

Vizzda subscribers - please click here for the full report. 

Did you need more information on this property?
Vizzda has it!

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What happened in RETAIL last week?

Vizzda reported on and cataloged 18 Retail Sales, 7 Debt Recordings, 1 Notice of Trustee Sale and 4 proposed Retail Planning & Zoning events in Maricopa County.
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Featured Retail Sale:

Tom's Camperland-Phoenix Sells for $635K 

Bradley E. Leach (president of Tom's Camperland, current tenant) purchased this freestanding automotive sales and service center from Tracy & James Bridges (Arizona Campers & Trailers, former tenant) on 11/16/2015 for $635,315 ($157 per SF) with an assumption of sellers' original $700K loan with Richard L. Wulbrecht, with monthly payments of $6,097 per modification documents.

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 7 Industrial Sales, 3 Notices for Trustee Sale, and 4 Debt Recordings in Maricopa County.
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Featured Industrial Sale:

±84K SF Multi-Tenant Warehouse Sells for $6M in Phoenix

Exeter Property Group purchased this ±84K SF multi-tenant industrial property on 11/16/2015 for $6M ($71 per SF) from Jeffrey Levine (Western Plastics, prior tenant) care of Cohen Asset Management. The property consists of one building built 1987 on 4.15 acres zoned A-2 in the city of Phoenix.

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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