Phoenix Vizzda Weekly - Week Ending June 10th, 2016

Keeping You Up-To-Date with Commercial Real Estate Deals in the Phoenix Metro Market
The Vizzda Weekly is Vizzda's complimentary recap of the industry's commercial real estate activity for the previous week in Greater Phoenix. The Vizzda Weekly tells you the total number of sales and projects tracked by Vizzda that week, as well as detailed information on a selected deal or project from each major asset class. Keep in mind, this is just the tip of the iceberg. Vizzda provides in-depth information for all commercial properties in Greater Phoenix, including, Office, Industrial, Retail, Multifamily, Commercial Land, Residential Lots and much more.
For The Week Ending June 10th, 2016 Vizzda reported 69 sale events totaling $326,811,011.00 in transaction value in the Phoenix Metro Market. Vizzda also cataloged 6 Planning & Zoning events.
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What Happened in LAND Last Week? Vizzda reported 14 land sale events in the Phoenix Metro Market.
	Featured Land Sale:  Tempe Land Proposed for Hotel Sold for $1,949,850.00       On 6/6/2016, an entity tracing to John Muriel, Michael Wimbush and Joel Mykleseth acquired this property for $1,949,850 from seller entities tracing to Lucia Maruslak, Gary Travis and John & Kathleen Drexler. The property is 2.81 acres of vacant commercial land with City of Tempe and is zoned GID.    Vizzda Subscribers - click here to access the full report.
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What Happened in OFFICE Last Week? Vizzda reported 11 office sale events in the Phoenix Metro Market.
	Featured Office Sale: Recently Renovated Scottsdale Office Sold for $1.625M       Robert Levine and Jonathan Rosenberg sold this office on 6/8/2016 for $1,625,000 or $190 per SF. The property is one building that was recently renovated in 2015 on 0.57 acres and is zoned C-O.        Vizzda Subscribers- click here to access the full report.
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What Happened in MULTIFAMILY Last Week? Vizzda reported 11 multifamily sale events in the Phoenix Metro Market.
	Featured Multifamily Sale: Town Home Style Apartments in Peoria Purchased for $11.05M   Dean Curtis purchased this property on 6/7/2016 from Investment Builders Inc. for $11.05M, $1.25M down and $1.105M debt with TD Bank as part of a $18M revolving line of credit and $9.945M new debt with Aspen Square.  The property contains 24 two-story town home style residential buildings on 15.71 acres and is zoned PAD.  Vizzda Subscribers - click here to access the full report.
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What Happened in RETAIL Last Week? Vizzda reported 19 retail sale events in the Phoenix Metro Market. Vizzda also cataloged 1 retail Planning and Zoning event.
	Featured Retail Sale: Quiktrip Store in Phoenix Sold for $4.75M On 6/7/2016, Quiktrip purchased this property for $4.75m from Tom Beall, owner of "Elite Electric". Quiktrip had been leasing the site since its construction in 2009. The property is a gas station and convenience market on 1.71 acres and is zoned C-2.    Vizzda Subscribers - click here to access the full report.
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What Happened in INDUSTRIAL Last Week? Vizzda reported 7 industrial sale events in the Phoenix Metro Market.
	Featured Industrial Sale: Industrial Flex Warehouse in Phoenix Purchased for $2,445,238.00  On 6/6/2016, Ewing Irrigation and Landscape Supply acquired this property from Turner Real Estate investment for $2,445,238. The property consists of one building built in 1989 (renovated 2014) on 1.86 acres and is zoned A-2.  Vizzda Subscribers - click here to access 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.