Keeping You Up-To-Date with Commercial Real Estate Deals in the Phoenix Metro Market | |||
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For The Week Ending May 27th, 2016
Vizzda reported 73 sale events totaling $294,406,117 in transaction value in the Phoenix Metro Market.
Vizzda also cataloged 3 Planning & Zoning events.
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What Happened in LAND Last Week?
Vizzda reported 13 Land Sale events in the Phoenix Metro Market.
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Featured Land Sale:±12 Acres of Vacant Commercial Land in San Tan Valley Purchased for $3M
Scott Seldin purchased this property on 5/16/2016 from David Leyvas for $3M and with $3.1M seller-carry debt. The property is 12.86 acres of vacant commercial land zoned CB-2.
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What Happened in OFFICE Last Week?
Vizzda reported 8 Office Sale event in the Phoenix Metro Market.
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Featured Office Sale:Two-Building Medical Office in Mesa Sold for $2.35M
On 5/20/2016, Edna Gilbert and Teresa Cooper sold this medical office complex to Dr. Jason Heavens and his wife Roxanne, dba Heavens Medical, for $2.35M and $1.7625 in new debt with Western State Bank maturing5/20/2021. The property consists of two buildings on ±2 acres totaling 20,464 SF.
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What Happened in MULTIFAMILY Last Week?
Vizzda reported 11 Multifamily sale events in the Phoenix Metro Market.
Vizzda also cataloged 1 Multifamily Planning and Zoning events.
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Featured Multifamily Sale:51-Unit Multifamily Property Near McDowell Road Purchased for $3.1MThis apartment complex was purchased 5/23/2016 from Laguna Point Properties for $3.1M with $860K down and $2.24M new debt with New York Community Bank. Two buyer entities acquired this property TIC (tenancy-in-common) totaling 87.84%. This property consists of three buildings totaling ±48,450 RSF and is zoned R-5. | |||
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What Happened in RETAIL Last Week?
Vizzda reported 14 Retail Sale events in the Phoenix Metro Market.
Vizzda also cataloged 1 Retail Planning and Zoning events.
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Featured Retail Sale:Retail Building on Mill Avenue Sold for $2,135,650
Simon Commercial Real Estate sold this property to Montecito Real Estate Investments on 5/20/16 for $2,135,650. This retail property is 3,228 SF built on ±9059 SF and is zoned City of Tempe CC.
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What Happened in INDUSTRIAL Last Week?
Vizzda reported 15 Industrial Sale events in the Phoenix Metro Market.
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Featured Industrial Sale:±23 Acre Manufacturing Facility in Gilbert Purchased for $6M
Weinberger Waste Disposal purchased this property from Schuff Steel on 5/26/2016 for $6M, with $740,960 down and $5,259,040 in debt with JPMorgan Chase Bank. The property is three single-story buildings on 23.32 acres which includes a ±7K SF office and a secure yard.
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Tuesday, May 31, 2016
Phoenix Vizzda Weekly - Week Ending May 27th, 2016
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