THE VIZZDA WEEKLY
September 12th, 2016
Last week in Phoenix, Vizzda tracked $248,548,486 in new commercial transactions including38 sales and 19 new projects. Below are reports for five of those events.
LAND
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Land Proposed for Residential Lots Purchased in Mesa for $2.1M
On September 6th, Maracay Homes purchased 18.99 acres of raw land in Mesa from Laurin Hendrix for $2,100,000.
(1 of 14 land sales last week)
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OFFICE
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Multi-Tenant Office in Phoenix Purchased for $3M
On September 1st, James Aaron Klusman purchased a multi-tenant office totaling 16,164 SF from Haydon Building Corporation and Terrence Plas for $3,000,000 with $1,200,000 in new funding with RepublicBankAZ and $700,000 in seller-carried debt.
(1 of 4 office sales last week)
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MULTIFAMILY
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42-Unit Apartment Complex Purchased in Mesa for $2.537M
On September 6th, M&L Financial purchased a 2-story, 42 unit apartment complex totaling 35,632 SF from Ira and Gemma Zunin for $2,537,000 with $1,600,000 in new funding with Bank of the West.
(1 of 5 multifamily sales last week)
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INDUSTRIAL
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Warehouse Close to Goodyear Airport Purchased for $590K
On September 8th, Charlotte Young purchased a warehouse totaling 6,974 SF from Gerald Remaklus for $590,000 with $384,720 in new funding with Arizona Business Bank and a $160,300 SBA loan.
(1 of 4 industrial sales last week)
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RETAIL
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Freestanding Grocery Store in Chandler Purchased for $4.3M
On September 7th, Harold Baum purchased 14,062 SF of retail space from Typerion Partners for $4,300,000 with $2,370,000 in new funding with Protective Life Corporation.
(1 of 11 retail sales last week)
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