THE VIZZDA WEEKLY
July 18th, 2016
Last week in Phoenix, Vizzda tracked $268,687,449 in commercial transactions, including 53commercial sales and 4 new projects. Below are reports for five of those events.
LAND
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Penske Purchases 15 Acre Land in Phoenix
On July 13th, 2016, an entity tracing to Penske Automotive purchased this property from Southwest Regional Carpenters for $4,662,226. The property is 15.41 acres of industrial land, zoned A-1.
(1 of 10 land sales last week)
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OFFICE
Mesa Northeast Animal Hospital Purchases 2-Story Medical Office
On July 11th, 2016, Mesa Northeast Animal Hospital purchased this property from Noe's Ark Animal Hospital for $755,000 and a $1,521,300 SBA loan originated through Capital Source. The property is 4,147 SF medical office in one two-story building, zoned O-S.
(1 of 12 office sales last week)
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MULTIFAMILY
Univest Purchases 140-Unit Apartment Complex in Phoenix
On July 8th, 2016, Univest Inc. purchased this property from Water Tower Realty as an undivided 80% interest for $6,400,000. The property consists of 140-unit apartments in ten 2-story buildings on 3.95 acres, zoned R-4.
(1 of 6 Multifamily sales last week)
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INDUSTRIAL
Ross Equipment Rentals Purchased Industrial Flex Warehouse with Cranes in Phoenix
On July 11th, 2016 Ross Equipment Rentals purchased this property from Nicholas Ganem for $2,074,250 with $1,074,250 down and $1,000,000 debt with National Bank of Arizona. The property is a 42,845 SF industrial flex warehouse in four single-story buildings on 4.82 acres, zoned A-1.
(1 of 12 industrial sales last week) View Full Report |
RETAIL
Jacqueline Abboud Purchased Retail Strip in Tempe
On July 11th, 2016, Jacqueline Abboud purchased this property from John Teberg for $2,060,000, with $1,686,274.50 in new debt with First State Bank. The property is an 18,170 SF retail strip in one multi-tenant building on 1.53 acres, zoned CSS.
(1 of 13 retail sales last week)
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