Vizzda Weekly - week ending 1/15/16

Keeping you up-to-date with CRE deals in the Phoenix Metro Market
Team Vizzda would like to present Vizzda Weekly - our complimentary weekly recap of commercial real estate activity in the Phoenix Metro Market. 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 Phoenix Metro Market to our subscribers.
For the week ending January 15, 2016 Last week, Vizzda researched 65 Sales events totaling $219,678,914 in transaction value. We also reported on and cataloged 3 Distressed Property notices and 15 Planning & Zoning events.
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What happened in LAND last week? Vizzda reported on and cataloged 16 Land Sales and 2 Notices for Trustee Sale in the Phoenix Metro Market.
	Featured Land Sale: ±3 Acres Sells for $235K in Glendale On 1/13/2016, an entity tracing to Branislav Cosic of Cosic Transportation, LLC acquired the ±3 acre industrial yard zoned M-1 in the city of Glendale from Washington Federal for $235,000. There was no debt recorded with the sale.   Vizzda subscribers - please click here for the full report.
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What happened in OFFICE last week? Vizzda reported on and cataloged 11 Office Sales 1 proposed Office Planning & Zoning event in the Phoenix Metro Market.
	Featured Office Sale: ±109K SF Office Property Sells for $10.4M in Phoenix An entity controlled by Cohen Equities purchased the ±109K SF office property on 1/13/2016 for $10.4M or $95.12 per SF with $1.04M down and a new $9.7M loan (not to exceed $11.9M) with TCA CRE Loans, LLC. Seller entity reportedly represents a joint venture between Petrus Partners (AKA Crown West Realty) and Travelers Companies Inc. The 2-story office property consists of one building, built in 1996 on 7.63 acres and zoned A-1 in the city of Phoenix.  Vizzda subscribers - please click here for the full report.
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What happened in MULTIFAMILY last week? Vizzda reported on and cataloged 4 Multifamily Sales in the Phoenix Metro Market.
	Featured Multifamily Sale: Casa Hermosa Apartments Sell for $1.8M in Phoenix An entity tracing to Daniel V. Mickelson & Gladys Valencia purchased the 44-unit apartment complex on 1/12/2016 for $1.825M ($41,477 per unit) with $457K down and $1.368M debt with New York Community Bank. Seller traces to Patrick Stojak. Per broker, NOI of $156,768 and CAP rate of 8.6% based on sales price of $1.825M. The property was reported to be 100% 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 14 Retail Sales and 6 proposed retail Planning & Zoning events in the Phoenix Metro Market.
	Featured Retail Sale: Chandler Commons Sells for $3.8M in Chandler An entity tracing to Dealpoint Merril and managed by their Chief Investment Officer Sterling McGregor purchased the ±64K SF neighborhood shopping center on 1/13/2016 for $3.8M with a new $6.44M construction deed of trust with ORIX Corporation of Dallas TX. Seller entity traces to Fardad & Nazy Fateri and Farnaz Fateri. Fardad Fateri is the president and CEO of International Education Corporation.  Vizzda subscribers - please click here for the full report.
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What happened in INDUSTRIAL last week? Vizzda reported on and cataloged 6 Industrial Sales, 1 Notice for Trustee Sale, and 1 Industrial Planning & Zoning event in the Phoenix Metro Market.
	Featured Industrial Sale: ±36K SF Industrial Property Sells for $3.5M in Phoenix On 1/11/2016, an entity tracing to Greenwood & McKenzie (Carl Greenwood and James McKenzie as contacts) purchased the ±36K SF warehouse built in 2000 from an entity tracing to Evan and Chad Horstman for $3.575M, with $1.175M down and $2.4M in assumed debt with Opus Bank. The property consists of one building on ±4.6 acres and zoned A-1.  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.