Vizzda Weekly - week ending 1/22/16

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 22, 2016 Last week, Vizzda researched 65 Sales events totaling $278,514,970 in transaction value. We also reported on and cataloged 7 Distressed Property notices and 12 Planning & Zoning events.
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What happened in LAND last week? Vizzda reported on and cataloged 16 Land Sales and 4 Notices for Trustee Sale in the Phoenix Metro Market.
	Featured Land Sale: ±1 Acre Sells for $1.2M in Phoenix Marisol Federal Credit Union purchased ±1 acre of land on 1/20/2016 for $1.2M ($24 per land SF). Seller entity traces to Fountainhead Equity Partners (Art Cunningham III), who had purchased the land earlier that day for $960K ($19 per land SF) from Joseph E. Flanagan & Thomas E. Carmondy. The property consists of commercial land zoned C-2 in the city of Phoenix. The northeast 0.18 acre of property was previously proposed for 12K SF office / restaurant - no action taken at time of proposal.  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 and 1 proposed Office Planning & Zoning event in the Phoenix Metro Market.
	Featured Office Sale: ±8K SF Office Property Is Noticed for Trustee Sale for $1.5M in Scottsdale On 1/20/2016 the 8,230 SF office property was noticed for trustee sale on a $1.5M original debt with John Grissinger. The property consists of one single-story building in a six building condominium complex built 2005 on 1.52 acres, zoned C-O.  Vizzda subscribers - please click here for the full report.
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What happened in MULTIFAMILY last week? Vizzda reported on and cataloged 5 Multifamily Sales in the Phoenix Metro Market.
	Featured Multifamily Sale: Hayden Lane Apartments Sell for $1.15M in Tempe An entity tracing to 2-Tone Development (Allan Thoen) and Larry & Tracy LaPierre purchased the 13-unit apartment complex on 1/15/2016 for $1.15M ($88,461 per unit) with $287,500 down and $862,500 seller-carry debt. The seller traces to Mark Ting of British Columbia. The property consists of three 2-story buildings totaling 11,050 SF built in 1985 on 0.59 acres and zoned R-3. Vizzda subscribers - please click here for the full report.
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What happened in RETAIL last week? Vizzda reported on and cataloged 16 Retail Sales, 2 Notices for Trustee Sale and 5 proposed Retail Planning & Zoning events in the Phoenix Metro Market.
	Featured Retail Sale: ±24K SF Retail Property Sells for $13.8M in Tempe Entities tracing to Cyrus Galen Etemad (58% interest) & Nakissa Candice Etemad (42% interest) purchased the ±24K SF Retail property on 1/20/2016 for $13.8m with $4.85M down and $10.25M debt with Wells Fargo Bank. Sellers trace to Starpoint Commercial (Paul Daneshrad).   Vizzda subscribers - please click here for the full report.
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What happened in INDUSTRIAL last week? Vizzda reported on and cataloged 10 Industrial Sales in the Phoenix Metro Market.
	Featured Industrial Sale: ±180K SF Data Center Sells for $14.8M in Chandler H5 Data Centers purchased the 180K SF Tier III Data Center on 1/19/2015 from NextFort for $14.8M with $10.3M down and $4.5M seller-carry debt. Sale pursuant to H5's acquisition of NextFort earlier that month. The property consists of one single-story building built 2013 & 2014 on 7.25 acres and zoned PAD. 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.