The Vizzda Weekly - Phoenix - Week Ending June 24th, 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 24th, 2016 Vizzda reported 64 sale events totaling $346,728,006 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 8 land sale events in the Phoenix Metro Market.
	Featured Land Sale: Land in Peoria Proposed for Coldwater Ranch Residential Lots Sold for $1,612,800       Courtland Communities purchased this land from Carl Kunasek on 6/22/2016 for $1,612,800 with $322,560 down and $1,290,240 in related debt. The property is ±16.91 acres of land zoned R-2.       Vizzda Subscribers - click here to access the full report.
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What Happened in OFFICE Last Week? Vizzda reported 20 office sale events in the Phoenix Metro Market.  Vizzda also cataloged 1 office Planning and Zoning event.
	Featured Office Sale: Offices in Phoenix on Camelback Road with Empty Lot Sell for $3M        On 6/22/2016, an entity tracing to Thomas English Real Estate acquired this property from NY Lions Group for $3,000,000, with $5,375,000 in new debt with First Bank and Trust Company Illinois. The property is one four-story building on ±0.44 acres zoned C-2.          Vizzda Subscribers- click here to access the full report.
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What Happened in MULTIFAMILY Last Week? Vizzda reported 7 multifamily sale events in the Phoenix Metro Market.
	Featured Multifamily Sale: Mobile Home Park on Main Street in Mesa Sold for $1.32M   Two entities acquired ownership of this property from Fritz and Betty Neumann on 6/22/2016 for $1,320,000 with $180K down and $1.14M new debt with Bank 34. One buyer entity traces to Skyline Real Estate and the other traces to Michael Yamin. The property is a 74- unit Mobile Home Park on ±4.12 acres zoned GC.   Vizzda Subscribers - click here to access the full report.
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What Happened in RETAIL Last Week? Vizzda reported 16 retail sale events in the Phoenix Metro Market.
	Featured Retail Sale: Net Leased Retail Center in Buckeye Sold for $2.8M An entity tracing to Nazar Nassar purchased this property on 6/20/2016 for $2.8M from Diversified Business Strategies. Per broker, 100% occupied at time of sale and net-leased to Leslie's Pool Supplies and Papa John's Pizza. The property consists of one building on ±1.76 AC zoned C-2.    Vizzda Subscribers - click here to access the full report.
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What Happened in INDUSTRIAL Last Week? Vizzda reported 13 industrial sale events in the Phoenix Metro Market.
	Featured Industrial Sale: ±100K SF Warehouse Sold in Phoenix by Office Depot for $5,557,500  On 6/21/2016, an entity tracing to Kalyx Development acquired this property from Office Depot for $5,557,500. The property is one single-tenant building on ±7.3 acres zoned A-1.  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.