Vizzda Weekly - week ending 12/4/15

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 December 4, 2015 Last week, Vizzda researched 98 Sales events totaling $500,458,309 in transaction value. We also reported on and cataloged 4 Distressed Property notice, 33 Debt Recordings and23 Planning & Zoning events.
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What happened in LAND last week? Vizzda reported on and cataloged 22 Land Sales, 1 Notice for Trustee Sale and 5 Debt Recordings in Maricopa County.
	Featured Land Sale: ±858 Acres Land Sells for $10.5M in Coolidge  On 11/12/2015, ±858 acres of agricultural land was purchased by Tyler E., David E. LeSueur & Nathan W. Andersen (LeSueur Investments - total 87.51% interest) and Jay D. Andersen (Andersen Capital Partners, total 12.49% interest) from Carol Wuertz Behrens, David Wuertz, et al. (owners, Arizona Drip Systems, Sundance Farms) for a total of $10,556,355 ($12,289 per acre). Concurrently, buyers signed agreement with Weurtz family to purchase an additional 881.22 acres directly to the north in a "phase-by-phase" basis, ending9/15/2017. This 881.22 acres will become Phase 2 of "Sandia" master planned community.  Vizzda subscribers - please click here for the full report.
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What happened in OFFICE last week? Vizzda reported on and cataloged 16 Office Sales, 6 Debt Recordings and 1 proposed OfficePlanning & Zoning event in Maricopa County.
	Featured Office Sale: ±38K SF "Acoma Point" Sells for $4.85M in Scottsdale "Acoma Point", a 3-story flex office property, was acquired through National Safe Harbor Exchange (1031 exchange) from Mitchell Chalpin on 12/2/2015 for $4.85M. The property consists of a total of 38K SF with 28K SF of office space & 10K SF of air conditioned car or aircraft storage built 1984 on 1.23 acres zoned I-1.  Vizzda subscribers - please click here for the full report.
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What happened in MULTIFAMILY last week? Vizzda reported on and cataloged 19 Multifamily Sales, 1 Notice for Trustee Sale, 9 Debt Recordings and 1 proposed Multifamily Planning & Zoning event in Maricopa County.
	Featured Multifamily Sale: Castellana Apartments Sell for $8.35M in Phoenix Zev Hendels of 3rd Ave Investments acquired the "Castellana Apartments" on 12/3/2015 from Stephen E. Davis for $8.35M, with $2.35M down and $7.65M in new debt with Artemis Realty Capital. The property consists of 117 units, 11 buildings, built in 1973 on 1.36 acres zoned R-4 in the city of Phoenix. 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, 8 Debt Recordings and 4 proposed Retail Planning & Zoning event in Maricopa County.
	Featured Retail Sale: ±7K SF Retail Strip Sells for $1.785M in North Scottsdale LNR parters sold this multi-tenant retail strip on 12/1/15 to Nicholas S. Jones of Desert Capital Ventures for $1.785M or $232 per SF. The property consists of 1 building built in 2004 on 0.88 acres, zoned C-3. Anchored by the Super Walmart in the North Sight Regional Power Center.  Vizzda subscribers - please click here for the full report.
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What happened in INDUSTRIAL last week? Vizzda reported on and cataloged 9 Industrial Sales, 2 Notice for Trustee Sale, 6 Debt Recordings and 1 proposed Industrial Planning & Zoning event in Maricopa County.
	Featured Industrial Sale: Ground Lease & ±90K SF Industrial Flex Property Sells for $4.7M in Phoenix Surface rights of a ground lease convey in this transaction. Travis Jacobson of Southwest Mobile Storage purchased ±90K SF flex industrial property on 12/2/2015 for $4.7M, $1M down, and $3.7M new debt with Compass Bank with sale. The property consists of 1 warehouse with distribution capability on 8.89 acres zoned CP/GCP; property includes 4.81 acres of adjacent industrial land.-- Not a valid industrial sale comparable due to the 4.81 acres of land included. Motorola is the owner of ground in 89 year lease originating 1999. 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.