Vizzda Weekly - week ending 1/8/16

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 8, 2016 Last week, Vizzda researched 115 Sales events totaling $296,008,152 in transaction value. We also reported on and cataloged 6 Distressed Property notices and 37 Planning & Zoning events.
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What happened in LAND last week? Vizzda reported on and cataloged 29 Land Sales and 2 Notices for Trustee Sale in the Phoenix Metro Market.
	Featured Land Sale: ±13 Acres Sells for $2.7M in Queen Creek On 1/4/2016, several legal entities managed by Lesueur Investments sold ±13 acres of agricultural land for $2,732,772 with Tyler LeSueur and Nathan Andersen signing the conveying documents. Buyer entity traces to Rosewood Homes with David M. Kitnick as signatory. Meridian Bank is financing the acquisition with a $4,413,850 "land note" and a $3.0M revolving line of credit. Planned for a 62 lot single family residential subdivision called "Rosewood Grove".   Vizzda subscribers - please click here for the full report.
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What happened in OFFICE last week? Vizzda reported on and cataloged 18 Office Sales 3 proposed Office Planning & Zoning events in the Phoenix Metro Market.
	Featured Office Sale: Suites in Stetson Canal Condominiums Sells for $2.4M in Scottsdale On 1/5/2016, Suites D300, D310, D320 & D330 at Stetson Canal Condominiums, totaling ±7,835 SF, were acquired by an entity tracing to Jackob Andersen for $2.4M from an entity tracing to Van Arsdale Properties Inc.(Christopher Van Arsdale as point of contact) . The four units were built 2007 and zoned  C-2.  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 and 3 proposed multifamily Planning & Zoning events in the Phoenix Metro Market.
	Featured Multifamily Sale: Pointe Park North & Pointe Park South Sell for $1.05M in Phoenix An entity that traces to Dario Lorenzo (British Columbia-based Affinity Investments) purchased the 28-unit multifamily property on 1/4/2016 from Gregory A. Marshall of Couternon, France for $1.05M ($42K per unit) with $1.403M debt with Katie Robby, originated by Colonial Capital. Broker lists CAP rate for Point Park North as 7.98% and Point Park South as 9.37%, based on asking prices of $595K & $680K, respectively. Vizzda subscribers - please click here for the full report.
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What happened in RETAIL last week? Vizzda reported on and cataloged 18 Retail Sales and 5 proposed retail Planning & Zoning events in the Phoenix Metro Market.
	Featured Retail Sale: Park Lee Center Sells for $10.7M Phoenix On 1/6/2016, the ±77K SF neighborhood shopping center known as "Park Lee Center" was acquired by an entity tracing to Besyata Investment Group from an entity tracing to Arciterra for $10.7M with $8M in new debt with Starwood Capital Group. The property consists of three multi-tenant buildings built 1985 on 5.69 acres and zoned C-2.  Vizzda subscribers - please click here for the full report.
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What happened in INDUSTRIAL last week? Vizzda reported on and cataloged 19 Industrial Sales, 1 Notice for Trustee Sale, and 1 Industrial Planning & Zoning event in the Phoenix Metro Market.
	Featured Industrial Sale: ±28K SF Industrial Flex Property Sells for $2.08M in Phoenix An entity tracing to James H. Little, Keith M. Ingram, & Debra S, Bricker (El Dorado Holdings) purchased the ±28K SF industrial flex property on 1/6/2016 for $2.08M ($74 per SF). Seller entity consists of Gary & Janet Hedge. Per broker, ±20K SF of building is vacant. The property consists of one single-story building built 1986 (renovated in 2000 & 2015) on 1.93 acres and zoned CP/BP. 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.