Vizzda Weekly - week ending 11/6/15

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 6, 2015 Last week, Vizzda researched 97 Sales events totaling $237,326,691 in transaction value. We also reported on and cataloged 5 Distressed Property notices, 37 Debt Recordings and17 Planning & Zoning events.
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What happened in LAND last week? Vizzda reported on and cataloged 28 Land Sales, 1 Notice for Trustee Sale and 4 Debt Recordings in Maricopa County.
	Featured Land Sale: K Hovnanian Purchases ±18 Acres for $2M in Glendale K Hovnanian Homes acquired ±18 acres planned for 79 single family lot subdivision known as "Catania" on 11/2/2015 for a little over $2M from Sam Robin. No debt was recorded with the deal.   Vizzda subscribers - please click here for the full report.
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What happened in OFFICE last week? Vizzda reported on and cataloged 12 Office Sales, 1 Notice for Trustee Sale, 7 Debt Recordings  and 2 proposed Office Planning & Zoning events in Maricopa County.
	Featured Office Sale: Int'l School of Arizona Buys 3-Story Building for $5.25M in Scottsdale International School of Arizona acquired ±59K SF 3-story building from Healthcare Realty Trust on 11/5/2015 for $5.25M, with $6M in new debt with KS StateBank. The building, which was built in 1988 on 3.65 acres, is planned for renovations to be used by the Buyer as a private school.  Vizzda subscribers - please click here for the full report.
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What happened in MULTIFAMILY last week? Vizzda reported on and cataloged 9 Multifamily Sales, 6 Debt Recordings and 1 proposed Multifamily Planning & Zoning event in Maricopa County.
	Featured Multifamily Sale: Mobile Home & RV Park sells for $1M in Eloy Edward & Lauren Spilsbury (65% interest), Kristopher & Amber Monte (35% interest) purchased this mobile home park on 10/26/2015 from Charles F. Morgan for $1.015M ($20,300 per space) with $304K down and $710K seller-carry debt at a fixed rate of 5.5%. Broker lists CAP rate of 10.4% at $1.015 sales price, NOI of $105,560. Property 86% occupied at time of sale. Vizzda subscribers - please click here for the full report.
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What happened in RETAIL last week? Vizzda reported on and cataloged 13 Retail Sales, 8 Debt Recordings and 5 proposed Retail Planning & Zoning events in Maricopa County.
	Featured Retail Sale: Superstition Ranch Market Sells in Apache Junction for $1M Terrance J. & Julie A. McCuin purchased the ±18K SF freestanding retail property on 11/3/2015 from Pauline Matheson (owner of Superstition Ranch Market, tenant at time of sale) for $1M ($53 per SF) with $100K down. One of two same-day "Superstition Ranch Market" sales from Matheson to McCuin totaling $2.7M. $4.7M seller-carry debt encumbers both properties.  Vizzda subscribers - please click here and here for the full reports.
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What happened in INDUSTRIAL last week? Vizzda reported on and cataloged 10 Industrial Sales, 3 Notices for Trustee Sale, 9 Debt Recordings and 1 proposed Industrial Planning & Zoning event in Maricopa County.
	Featured Industrial Sale: ±5 Acre Industrial Property sells for $252K in San Tan Valley Justin Reed of Reeds Crew Services purchased the ±5 acre property, zoned GR, with 2 single story buildings on 10/16/2015 from Christopher J. & Lisa J. Pobstman of Sunland Welding (tenant at time of sale) for $252,500. There was no debt recorded with the sale. 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.