Vizzda Weekly - week ending 1/29/16

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 29, 2016 Last week, Vizzda researched 46 Sales events totaling $74,341,366 in transaction value. We also reported on and cataloged 4 Distressed Property notices and 21 Planning & Zoning events.
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What happened in LAND last week? Vizzda reported on and cataloged 15 Land Sales and 1 Notices for Trustee Sale in the Phoenix Metro Market.
	Featured Land Sale: ±1 Acre Sells for $1.2M in Surprise An entity tracing to Oregano's (Mark S Russell & Frank B Sbordone) purchased this land on 1/28/2016 for $1.275M with $255K down and $1.02M debt with Compass Bank. Leased to Oregano's commencing 1/28/2016 and expiring1/28/2026 with two 5-year options to extend. An additional $1.548M debt with Compass Bank encumbers this lease. This property consists of 1.52 acres of commercial land zoned C-2.  Vizzda subscribers - please click here for the full report.
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What happened in OFFICE last week? Vizzda reported on and cataloged 3 Office Sales, 1 Notice for Trustee Sale and 1 proposed Office Planning & Zoning event in the Phoenix Metro Market.
	Featured Office Sale: ±3 Acre Office Property Sells for $1.25M in Phoenix  On 1/25/2016 Cipriano Ionutescu acquired this property from an entity tracing to Tye Smoole for $1.2M with $1.18M in seller-carried debt. This property consists of one 1-story building that was built in 1966 on 3.47 acres and zoned R-5.  Vizzda subscribers - please click here for the full report.
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What happened in MULTIFAMILY last week? Vizzda reported on and cataloged 8 Multifamily Sales and 3 proposed for Planning & Zoning events in the Phoenix Metro Market.
	Featured Multifamily Sale: Mobile Home Park Sells in Apache Junction for $3.8M An entity tracing to Cobblestone Real Estate / Tricon Capital purchased this property on 1/11/2016 for $3.8M with $1.5M down. Funded by $5.6M debt with Starwood Mortgage Capital and cross-collateralized with Wickiup Mobile Home & RV Park. This property was built on 13.72 acres in 1972 and consists of a 206-space mobile home park. Vizzda subscribers - please click here for the full report.
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What happened in RETAIL last week? Vizzda reported on and cataloged 12 Retail Sales, 1 Notice for Trustee Sale and 1 proposed Retail Planning & Zoning event in the Phoenix Metro Market.
	Featured Retail Sale: ±44K SF Retail Property Sells for $3.1M in Tempe An entity tracing to Wentworth Property Company purchased this property on 1/27/2016 for $3.15M. Seller traces to Saxon Realty. Sale funded by $4.7M debt with Crow Holdings. The property consists of one single-story building on 2.38 acres zoned PCC-1.  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: 3.5 Acre Industrial Property Sells for $1.6m in North Phoenix On 1/25/2016, this property sold to an entity tracing to Republic Services for $1.6M with $25K down. Seller traces to Loftco. Property consists of 3.5 acre secure yard zoned A-1 near Deer Valley and Cave Creek roads. 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.