The Vizzda Weekly - Greater Phoenix - July 5th, 2016
The Vizzda Weekly
July 5th, 2016
Last week in Phoenix, Vizzda tracked 2 new commercial projects and 64 sales totaling$522,804,737. Below are reports for five of the properties.
On 6/27/2016, Robert Stehlik and Lawrence Gabriele acquired this land on for $1,222,000 with a new $4,727,998 construction loan tracing to Scott Gould and $1.0m 2nd lien with Evelyn Petersen and Edgar Stone. The property is ± 0.49 acres of vacant land and is currently proposed for a nine unit town home development.
Desert Troon acquired this office on 6/24/2016 from Coppersmith Brockelman for $10.15M with $3.0M down and two loans: $7.0M new debt with Compass Bank and $4.2M seller-carried. The property consists of ±134K SF 2-Story Office in one building on ±7.21 acres zoned C-2.
Resmark Companies sold this property to Wayne Howard on 6/24/2016 for $2.025M or $45,000 per unit. The property consists of 45 multifamily units in one 1-story & three 2-story buildings totaling 24,087 SF and is zoned R-4.
On 6/30/2016, an entity tracing to Clarius Partners & Walton Street Capital purchased this property for $20M from the seller and former tenant Covance Laboratories. The property is a ±290K SF laboratory in one 2-story building on ±78.79 acres zoned PAD.
Earnhardt Auto Centers purchased this property from Alice & Donald Fehrenbach on 6/27/2016 for $14,922,545 with $2,322,545 down and $12.6M debt with JPMorgan Chase Bank. The property is a ±71K SF car dealership in three single-story buildings on ±24.33 acres zoned C-3.