THE VIZZDA WEEKLY
August 1st, 2016
Last week in Phoenix, Vizzda tracked $364,527,366 in commercial transactions, including45 new commercial sales and 9 new projects. Below are reports for five of those events.
LAND
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Avondale Commercial Land Purchased for $1.625M
On July 27th, Francis & Sons Car Wash acquired this property from William Douglas Moreland of Moreland Dealerships for $1,625,000.
(1 of 7 land sales last week)
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OFFICE
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Office Park in Tempe Purchased for $1.4M
On July 27th, Hafez Azadeh acquired this property from Tony Lofgreen for $1,400,000, with $1,400,000 in assigned debt with National Guardian Life Insurance Company.
(1 of 10 office sales last week)
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MULTIFAMILY
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159-Unit Complex in Glendale Purchased for $6.85M
On July 26th, Diego Goldfarb of Infinity BH purchased this property from Todd Glick for $6,850,000, with $5,137,500 in new debt with Opus Bank.
(1 of 6 multifamily sales last week)
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INDUSTRIAL
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Single Tenant Warehouse in Tempe Sold for $9.3M
On July 28th, Boyd Watterson Management acquired this property from Doug Bradley Trucking for $9,300,000.
(1 of 9 industrial sales last week)
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RETAIL
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Bank Branch on Happy Valley Road Purchased for $3.55M
On July 22nd, Eduard Hovy and Shigeko Nariyama-Hovy purchased this property from Cypress Equities for $3.55M with $1.243M down and $2.307M new debt with Armed Forces Bank.
(1 of 13 retail sales last week)
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